Stakis ‘serious’ after stroke

CYPRIOT-born hotel tycoon Sir Reo Stakis is in hospital in Scotland recovering from a suspected stroke, after collapsing at his home.

The 88-year-old millionaire is being treated in Stirling Royal Infirmary where his condition is said to be “serious”.

Doctors are running tests to determine exactly how bad his health is. Friends and neighbours have been prevented from visiting him.

Stakis, the father of six and one of Britain’s richest men, has an estimated fortune of £100 million.

He left Cyprus at the age 14 to sell lace from a motorbike in Glasgow. He graduated into buying up old-fashioned tearooms and transforming them into a string of modern restaurants with plenty of atmosphere and affordable food.

He went on to build up a global hotel business, which was sold to the Ladbroke Group PLC for a reported £1.3 billion in 1992.

He was knighted by the Queen in 1988 and lives in the grounds of Dunblane Hydro with his wife Annitsa.

 

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.