Korineum Golf & Beach Resort

What Korineum Golf & Beach Resort does

Korineum Golf & Beach Resort is an integrated luxury resort located in Esentepe, in the Girne (Kyrenia) District of Northern Cyprus, operating as the first 18-hole championship golf course in Northern Cyprus since its grand opening in April 2007. The property sits on 65 hectares of natural olive, carob, and umbrella pine forest between the Mediterranean coast and the Beşparmak Mountain range, and combines an 86-room boutique hotel (46 Residence rooms opened 2009 plus 36 Elite rooms added 2011), a 6,232-metre par-72 championship course designed by David Hemstock with construction consultancy from Peter Harradine, a 34-bay driving range and 3-hole academy, four lit clay tennis courts, a boutique spa, a 70-metre private beach with pool, seven to eight dining outlets producing on-site olive oil and carob syrup, and a multi-venue wedding and corporate events operation. Technology on-site is centred on the TrackMan Range radar system for shot analytics, Paspalum grass playing surfaces maintained via a seawater desalination plant feeding two on-course lakes, and a HotelRunner-powered online booking engine on the resort's direct website. The business runs a direct-to-consumer go-to-market across multiple revenue streams: green fees and multi-round golf packages (3-round and 5-round tiers with seasonal and walk-in/hotel-guest differential pricing), hotel accommodation on a half-board basis, six tiers of golf membership, four tiers of tennis membership, recurring wedding and corporate event packages, per-treatment spa services, F&B across multiple outlets, PGA- and LTA-qualified instruction at the golf and tennis academies, and bundled holiday packages (Couples Package, Summer Getaway, Daily Access). Distribution combines direct web and telephone bookings, email-led group and wedding sales handled by ICS-certified coordinators, and indirect reach through affiliations with R&A, IAGTO, and Master Scoreboard that route international golf tour operator demand to the property. The company is privately held and owned by Dr. Günay Çerkez, one of the three original founders alongside Kauko Rastas and Prof. Muhammed Massumi.

Name

Korineum Golf & Beach Resort

Legal name

Korineum Golf & Beach Resort

Website

https://korineumgolf.com

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Korineum Golf & Beach Resort is an integrated luxury resort in Northern Cyprus operating Northern Cyprus's first 18-hole championship golf course, an 86-room boutique hotel, spa, tennis academy, beach, and multiple dining outlets, serving international golfers, leisure couples, wedding clients, members, and event organisers.

Ownership category

akta.pro rank

Product category

Luxury Golf Resort and Boutique Hospitality

NAICS

Hotels (except Casino Hotels) and Motels (72111), Golf Courses and Country Clubs (71391), Golf Courses and Country Clubs (713910)

SIC

Hotels, Rooming Houses, Camps & Other Lodging Places (7000), Hotels & Motels (7011), Services-Membership Sports & Recreation Clubs (7997)

akta.pro primary industry

Luxury Golf Resorts (THAGACAH)

akta.pro secondary industries

Beachfront & Island Luxury Resorts (THAGACAA), Resort-Area Full-Service Hotels (Non–All-Inclusive) (THAGAAAD), Golf Courses & Golf Facilities (MPAKAEAD), Hotel & Resort Convention Venues (Convention Hotels) (THAHAAAC)

Keywords

• Luxury golf resort
• Boutique hotel accommodation
• Destination wedding venue
• Golf course operations
• Spa wellness services

Headquarters

HQ city

Esentepe (Girne District)

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Golf Green Fees & Golf Packages: The resort charges green fees for 18-hole and 9-hole rounds on the championship course, with pricing varying by season (Summer, Autumn, Winter, Spring). Golf packages bundling 3 or 5 rounds at discounted rates are available, with differential pricing for walk-in visitors versus hotel guests. Additional revenue from buggy rental, trolley rental, club rental, and e-trolley fees.
2. Hotel Accommodation: The 86-room Korineum Boutique Hotel generates room revenue across multiple room categories: Standard Residence, Standard Residence Sea View, Deluxe Residence, Standard Elite, Standard Elite Sea View, Delight Elite, and Junior Suite. Rates include half-board (HB) accommodation with complimentary wireless, beach/pool access, parking, gym, putting/chipping greens, and 2 hours daily clay tennis court use.
3. Weddings & Events: The resort hosts weddings and events across multiple dedicated venues (Olive Bridge, Sea View Putting Green, The Lake, The Pier, The Velvet Greens, The Roof Terrace, The Valley Restaurant, The Occasions Room). Four wedding packages are offered: Enchanting Beginnings, Romantic Beginnings, Beautiful Beginnings, and Delightful Beginnings. Venue hire supplements apply for certain venues (e.g., The Lake). Corporate events, birthdays, anniversaries, and engagement parties are also accommodated.
4. Golf Membership: Multiple membership tiers generate recurring and annual revenue: Full Membership (7-day unlimited golf), 5-Day Membership (Mon–Fri), Family Membership, Junior Membership (under 16), Overseas Membership (max 50 rounds/year), and Time-Smart Membership (max 60 rounds/year). All memberships include 10% discount on Bar/Restaurant and Pro-Shop goods.
5. Spa & Wellness Services: The Spa & Wellness Centre offers individual massage treatments (Stone Therapy, Aromatherapy, Balinese, Stress Reliever, Foot Reflexology, Head/Neck/Shoulder, Hawaiian, Sport, Bali Shiatsu, Back, Anti-Stress) and multi-treatment spa packages (Korineum Touch, Aloe Vera, Bali Bali, Revitalisation, Bali Facial, Body Scrub). Revenue is generated per treatment or package session.
6. Food & Beverage (Restaurants & Bars): Multiple dining outlets generate food and beverage revenue: Clubbers Lounge (all-day dining 07:00–23:00, fusion menu), The Valley Restaurant (à la carte, international/traditional), Carob Island Restaurant (breakfast and evening buffet), Beach Snack Bar (seasonal), Sandals Pool Bar, The LoggerHead Sports Bar (12:00–24:00), and Academy Shanks Bar. The resort harvests its own olives and carobs for in-house extra virgin olive oil and carob syrup production.
7. Golf Academy & Instruction: The Golf Academy offers PGA-qualified coaching for adults and juniors in packages (Platinum 10hr, Gold 6hr, Silver 3hr, One Hour, Half Hour) and per-session rates. Academy green fees and range balls are charged separately. The Pro Shop sells equipment, clothing, balls, bags, and logo-branded merchandise.
8. Tennis Membership & Court Hire: Four clay tennis courts generate revenue through annual memberships (Individual Adult, Junior, Family) and pay-per-use court hire. Lighting fees apply for evening play. Coaching sessions for adults and juniors are charged per session, 3-pack, or 10-pack. Equipment rental (rackets, re-stringing, re-gripping) and ball machine hire are also available.
9. Daily Access Package: The resort offers a Korineum Daily Access Package targeting day visitors, bundling tennis court access, pool use, lunch, and beach access in a single package. This attracts non-resident visitors seeking a curated resort day experience.
10. Holiday Packages (Couples, Summer Getaway): Bundled holiday packages such as the Couples Package (1 night HB, 1-hour massage, 1 round of golf per couple at €299) and Summer Getaway Package (1 night HB, double room, 2 rounds of golf with shared buggy from €235 per person) drive package revenue combining accommodation, dining, and activities.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels8 records

Core offering

Korineum Golf & Beach Resort operates a luxury integrated resort on 65 hectares in Northern Cyprus, anchored by an 18-hole par-72 championship golf course (opened April 2007), an 86-room Boutique Hotel, a TrackMan-equipped driving range and 3-hole academy, four clay tennis courts, eight dining outlets, a boutique spa, a private beach, and multiple wedding and event venues. The resort sells accommodation with half-board dining, green fees and golf packages, golf and tennis memberships, PGA-qualified coaching, spa treatments, and all-inclusive destination wedding packages to international leisure travellers, golfers, and wedding couples.

Product overview

Korineum Golf & Beach Resort is a luxury resort complex in Northern Cyprus offering integrated hospitality services centered around an 18-hole championship golf course (opened April 2007, designed by David Hemstock), an 86-room Boutique Hotel with Residence and Elite wings, a 4-court Tennis Academy, multiple dining venues, a boutique Spa & Wellness Centre, private beach, and comprehensive wedding/event planning services. The resort portfolio includes accommodation (rooms ranging 31-67 m2), golf facilities (championship course, academy, TrackMan Range, pro shop), tennis facilities, spa services, dining (7 outlets), and event venues with four destination wedding packages.

Differentiator

Problem solved

Functional benefit

Brands

• Korineum Spa & Wellness Centre: Boutique spa built to match the cosy ambiance of the Hotel with two massage rooms, sauna and resting areas.
• Korineum Golf & Tennis Academy
• Korineum Tennis Academy
• Korineum Village

Products and services

• Korineum Boutique Hotel Accommodation 86-room deluxe boutique hotel on the resort, comprising Korineum Residence (46 rooms, opened 2009) and Korineum Elite (36 rooms, added 2011) wings, with seven room categories (Standard Residence, Standard Residence Sea View, Deluxe Residence, Standard Elite, Standard Elite Sea View, Delight Elite, Junior Suite) ranging from 31 m² to 67 m² and offering HB dining, sea or mountain views, and complimentary beach/pool access.
• Korineum 18-Hole Championship Golf Course 6,232-metre par-72 championship course on 65 hectares of natural olive and carob forest with five tees per hole, average greens of 500 m², and Paspalum grass playing surfaces maintained year-round. Sold via seasonally tiered green fees, 3-round and 5-round golf packages, and memberships.
• Korineum Golf Academy

Quantifiable outcome

• First 18-hole golf course in Northern Cyprus, grand opened April 2007
• +5 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eleven partnerships are on record, tiered core and minor.

• R&A (The Royal and Ancient Golf Club of St Andrews)coreGTM or Marketing PartnerKorineum Golf & Beach Resort holds affiliation with the R&A, golf's governing body alongside the USGA. The affiliation positions the resort within the global golf community and provides governance-related credibility. The resort maintains the course to the Royal and Ancient Best Course Policy Initiative.
• IAGTO (International Association of Golf Tour Operators)coreChannel Partner/ Reseller/ DistributorKorineum Golf & Beach Resort is a member of IAGTO, the global trade association for golf tourism. IAGTO membership connects the resort with international golf tour operators who package and sell golf holidays to Korineum, serving as a key distribution channel for the resort's golf services.
• Wintersun TravelminorChannel Partner/ Reseller/ DistributorWintersun Travel is partnered with Korineum to offer diving excursions from Kyrenia. The resort promotes diving packages with Wintersun Travel and Cyprus Dive Shack as part of its North Cyprus exploration activities, expanding the resort's activity offering for guests.
• Cyprus Dive ShackminorChannel Partner/ Reseller/ DistributorCyprus Dive Shack collaborates with Korineum to offer diving experiences including dives at the Zenobia wreck (named one of the world's top ten dive sites). This partnership extends the resort's activity offering, attracting adventure-seeking guests to extend their stay.
• Local Florist (Partner for Flower Arrangements)minorImplementation/ SI/ Consulting PartnerKorineum partners with a local florist to offer seasonal flower arrangements as a welcome amenity or special gift for guests. Arrangements must be ordered at least 24 hours in advance via email to [email protected].
• Dr. Günay Çerkez (Owner)coreOthersOne of the three founders of the Korineum Golf & Beach Resort project, alongside Kauko Rastas and Prof. Muhammed Massumi. Dr. Günay Çerkez is the current owner of the resort. Also referenced as Meryem Çerkez Gürtunç in the wedding coordination team.
• Kauko RastascoreOthersFinnish businessman and developer, and one of the three original founders/forefathers of the Korineum Golf & Beach Resort project. The annual Kauko Cup golf tournament is named in his honour.
• Prof. Muhammed MassumicoreOthersOne of the three original founders/forefathers of the Korineum Golf & Beach Resort project, alongside Kauko Rastas and Dr. Günay Çerkez.
• David Hemstock (Hemstock Design LTD)coreOthersCourse architect for Korineum Golf Course. Heading his own golf architecture and consultancy company for over 25 years, David Hemstock is an experienced and qualified Designer, Agronomist, and Soil & Water Engineer. He has worked internationally on over 200 projects including Asian Tour venues. His design at Korineum GC in Cyprus uses Paspalum grass.
• Peter Harradine (Harradine Golf)coreOthersManaging Director and senior architect of Harradine Golf with overall responsibility and supervision of all Harradine projects. He has personally designed and co-designed over 160 golf courses in Europe, Africa, and the Middle East. Peter Harradine served as Construction Consultant for the Korineum Golf Course project, building on his father's considerable legacy.
• KKTC (Turkish Republic of Northern Cyprus)minorOthersThe resort holds affiliation with KKTC (Turkish Republic of Northern Cyprus) government tourism branding, as indicated by the KKTC logo in the website footer alongside R&A and IAGTO.

Scale indicators9 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Cornelia Hotels (Cornelia Diamond / Cornelia De Luxe): Multi-property resort complex in Belek, Turkey, with on-site Nick Faldo-designed Cornelia Golf Club, spa, tennis, and beach. Comparable integrated resort-with-golf concept and East Mediterranean tourist base.
• Finca Cortesin: Luxury hotel, spa, and 18-hole championship golf course in Casares, Andalusia, Spain. Comparable premium positioning, championship golf, and destination wedding/event capability within a Mediterranean leisure market.
• Aphrodite Hills Resort: Integrated golf, hotel, and spa resort in Paphos, southern Cyprus. Closest comparable to Korineum by combining an 18-hole championship golf course with resort accommodation, spa, tennis, and wedding facilities — but in the internationally recognized Republic of Cyprus.
• Gloria Verde Resort & Spa: Five-star all-inclusive resort in Belek, Turkey, adjacent to the Gloria Golf Club, with spa, tennis, beach, and multiple dining outlets. Comparable Mediterranean golf-resort model with similar resort village footprint.
• Maxx Royal Belek Golf Resort: Ultra-luxury golf resort in Belek, Turkey, with on-site championship golf, spa, beach, multiple restaurants, and wedding/event capability. Comparable high-end resort positioning and Mediterranean golf-tourism target market.
• La Cala Resort: Three-course golf resort with hotel, spa, and dining in Mijas, Costa del Sol, Spain. Comparable resort-anchored multi-course golf operation and Mediterranean leisure destination.
• Carya Golf Club & Resort: Pay-and-play championship golf resort in Belek, Turkey, with hotel accommodation, spa, and event capability. Comparable championship-golf resort model targeting international golf tourists in the Eastern Mediterranean.

Broad incumbents

• Anantara Vilamoura Algarve Resort: Five-star resort in Vilamoura, Portugal, with adjacent championship golf (Victoria Course), spa, beach, and event facilities. Comparable resort-and-golf model serving international golf tourists, operated by a global luxury group (Minor Hotels).

Regional players

• Steigenberger Golf Resort El Gouna: Resort with on-site 18-hole championship golf course, spa, beach, and dining in El Gouna, Egypt. Comparable integrated Mediterranean-region golf resort model, though in a different geography (Red Sea).

Others

• ICF Golf & Travel (Golf Tourism Operators): Golf tour operator distributing multi-course Mediterranean golf holidays. Indirectly comparable as the channel through which Korineum reaches international golf tourists via IAGTO network partnerships.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/korineum
• Facebookfacebook.com/Korineum-Golf-Beach-Resort-183928328284592
• Instagraminstagram.com/korineum
• LinkedInlinkedin.com/company/korineum-golf-beach-resort

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Korineum Golf & Beach Resort