PR98739

REYKJAVIK, Iceland, November, 10, 2022, /PRNewswire=KYODO JBN/--

Legendary Hotels and Resorts are making a substantial investment in Iceland's

hospitality industry, with the construction of the country's first family

resort. At a cost of several billions of krona, the exciting project is

currently in its final stages before approval, and will launch by the close of

2023.

Transforming an existing hotel, along with over 50ha of land, the family resort

will be located in Southern Island, in close proximity to several major tourist

attractions. With onsite stables, a large riding arena, and zones for

equestrian sports, the resort will have many other attractions, including

mini-golf, an ice-rink, table tennis facilities, a shooting range, and a myriad

of opportunities to enjoy sport, and leisure - with something for everyone, at

any age.

For rest and relaxation, there will also be a cinema with a line-up of great

movies, treats to eat, and cosy blankets, a spa with facilities including

cryosaunas, hot tubs, a gymnasium, and yoga rooms, and for tired, stressed-out

parents to unwind with total peace of mind, there will also be a playground,

and dedicated childcare facilities for children. Teenagers will also get their

own graffiti wall!

The company is hoping for an average of 30-40% local visitors, with

international tourists making up the rest of the hotel's population. The

average stay will reach up to five nights, as the hotel has so many of its own

fantastic facilities!

CEO and Founder of Legendary Hotels and Resorts, Dmitrijs Stals, said:

'From all at Legendary Hotels and Resorts, we'd like to extend our sincere

thanks to the municipality of Iceland for their welcoming, and supportive

approach to this, and our other projects across the country. This is an

exciting project, with many benefits to Icelandic and other families. We can't

wait to launch the resort, which will stand shoulder to shoulder with the

world's finest'.

About Legendary Hotels and Resorts ehf:

Legendary Hotels and Resorts ehf. is a company incorporated in Reykjavik,

Iceland's capital city, and will continue to seek out further opportunities

across Northern Europe, and beyond. The tight-knit team cares deeply about the

satisfaction and happiness of each and every guest, with each hotel concept

created using decades of hospitality industry expertise, along with viability

studies conducted by Big Four accounting firms - a safe, and reliable

investment, with tons of potential for growth. Watch this space!

Contact:

Madara Kviesite

+3544499999

madara@legendaryhotels.com

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Source: Legendary Hotels & Resorts ehf