SUCCESS is no accident.

It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing. Pele

This is our Story….

How it all started

A Higher Standard of Stays for Guests

The company’s philosophy is not just company oriented, but it aims in promoting Cyprus as an excellent tourism destination. Over the past years, this vital sector for the economy of the country has suffered a series of blows caused by endogenous and exogenous factors. One of those, was that many hosts were over-promising and under-delivering. From properties that didn’t match the listing photos, to unacceptable cleaning standards and unfriendly hosts, it was always a gamble showing up to a property that they had booked.
This is where booking platforms like Airbnb and Booking.com came in and made a business model with a value proposition based on excellency worthy. At STAY, we pride ourselves in creating a memorable guest experience across all of our properties and making everyone feel welcome from initial booking through check out. Comfort, cleanliness, consistency and customer service are top priority. With a business model that focuses on exceptional guest services we are lifting the bar, and we force the competition to improve the quality of their service. This is a win-win for everyone, happy tourists will return meaning more tourism in the future and this will result in a better local economy.

How it all started

STAY BnB is the subsidiary of HA.DE.CO Ltd a construction company that has been around for over three decades, it has completed over 100 projects (large and small scale) and it is one of the few to have survived the financial crisis.
The seed was planted in early 2017 when the shareholders of HA. DE. CO. Ltd realized that there was a large number of vacation properties not being utilized at their full potential. Those properties were in bad condition and needed renovation along with better management to start being more profitable. The company applied their knowledge from the construction industry for the renovations but finding a trustworthy property management company proved to be a difficult task and this was learned the hard way. Soon they realized that the market demanded for better quality management services and recognised that it was a promising venture to take on.
So, they decided to establish STAY BnB, with the goal of relieving property owners from the arduous task of management, as well as facilitating an increase in the performance of their investments. The shareholders assembled a diverse team, with specialization in different sectors of the construction and tourism industries, consisted of Marketing Specialists, Computer Engineers, Quantity Surveyors and Property Managers.

A Higher Standard of Stays for Guests

The company’s philosophy is not just company oriented, but it aims in promoting Cyprus as an excellent tourism destination. Over the past years, this vital sector for the economy of the country has suffered a series of blows caused by endogenous and exogenous factors. One of those, was that many hosts were over-promising and under-delivering. From properties that didn’t match the listing photos, to unacceptable cleaning standards and unfriendly hosts, it was always a gamble showing up to a property that they had booked.
This is where booking platforms like Airbnb and Booking.com came in and made a business model with a value proposition based on excellency worthy. At STAY BnB, we pride ourselves in creating a memorable guest experience across all of our properties and making everyone feel welcome from initial booking through check out. Comfort, cleanliness, consistency and customer service are top priority. With a business model that focuses on exceptional guest services we are lifting the bar, and we force the competition to improve the quality of their service. This is a win-win for everyone, happy tourists will return meaning more tourism in the future and this will result in a better local economy.

Meet our Founders & their story

Mike Hadjioannou

Mike started his professional career in the construction industry (structural engineering diploma) working as a site engineer for the family business (Ha. De. Co. Ltd) a role he practiced for 5-years. Later on, he completed a diploma on surveying and he became a quantity surveyor for another 5-year period until he moved to a local QS to gain more experience. In between he was attending classes for his BSc degree and offering his services to individual contractors and developers by preparing their cost estimates and bills of quantities for their projects.
In 2012 the Construction Industry was crushed by the recession and due to lack of employment opportunities Mike moved to Protaras and later on to Ayia Napa where he was introduced to the Hospitality and Tourism Industries. He started working as a barman in bars and hotels while trying to finish his BSc degree. Later on, he was promoted as a hotel manager a role that helped him gain more experience and knowledge from the industry. Soon he realized that work in the tourism industry was pleasant and discovered his passion by combining his knowledge from construction, tourism and hospitality.
In 2017 he identified an opportunity in fixing and renovating old buildings and renting them out to tourists through AirBnB. He found a land lord and after striking a long-term agreement Mike renovated the properties to accommodate guests and paid a long term rent to the landlord. Despite the big economic problems, he used his knowledge and connections from the construction industry to create two low cost / high quality 2-bedroom apartments. The results were amazing as the investment was yielding great returns and the landlord was happy from the earnings and upgrade of the properties.
At the time Mike was studying to finish his University dissertation and in addition to that he was employed at three different jobs. The beginning was hard as he combined his residency with the properties he was renting and when the properties were occupied, he had to arrange for another place to sleep. Managing the properties for the vacation rentals was stressful and difficult. At the beginning he hired a few traditional property management companies to release him from the stress of managing and cleaning the properties but the results were not satisfying. They offered unreliable service, they were expensive with add-on costs and he was getting back bad reviews from guests.
The signs were there; he saw huge potential but also a need in the market for better services so in 2019 he decided to establish STAY BnB as a new generation Airbnb management company. Mike invited Xanthos to be his partner, a good friend that he respected and believed in his good character, knowledge and management skills. Their main goal was to maximise property owners profitability and relieving them from the arduous task of management, while at the same time they deliver exceptional services to the guests. Together they made great progress in establishing STAY BnB as a property management company and the story continues.

Meet our Founders & their story

Mike Hadjioannou

Mike started his professional career in the construction industry (structural engineering diploma) working as a site engineer for the family business (Ha. De. Co. Ltd) a role he practiced for 5-years. Later on, he completed a diploma on surveying and he became a quantity surveyor for another 5-year period until he moved to a local QS to gain more experience. In between he was attending classes for his BSc degree and offering his services to individual contractors and developers by preparing their cost estimates and bills of quantities for their projects.
In 2012 the Construction Industry was crushed by the recession and due to lack of employment opportunities Mike moved to Protaras and later on to Ayia Napa where he was introduced to the Hospitality and Tourism Industries. He started working as a barman in bars and hotels while trying to finish his BSc degree. Later on, he was promoted as a hotel manager a role that helped him gain more experience and knowledge from the industry. Soon he realized that work in the tourism industry was pleasant and discovered his passion by combining his knowledge from construction, tourism and hospitality.
In 2017 he identified an opportunity in fixing and renovating old buildings and renting them out to tourists through AirBnB. He found a land lord and after striking a long-term agreement Mike renovated the properties to accommodate guests and paid a long term rent to the landlord. Despite the big economic problems, he used his knowledge and connections from the construction industry to create two low cost / high quality 2-bedroom apartments. The results were amazing as the investment was yielding great returns and the landlord was happy from the earnings and upgrade of the properties.
At the time Mike was studying to finish his University dissertation and in addition to that he was employed at three different jobs. The beginning was hard as he combined his residency with the properties he was renting and when the properties were occupied, he had to arrange for another place to sleep. Managing the properties for the vacation rentals was stressful and difficult. At the beginning he hired a few traditional property management companies to release him from the stress of managing and cleaning the properties but the results were not satisfying. They offered unreliable service, they were expensive with add-on costs and he was getting back bad reviews from guests.
The signs were there; he saw huge potential but also a need in the market for better services so in 2019 he decided to establish STAY as a new generation Airbnb management company. Mike invited Xanthos to be his partner, a good friend that he respected and believed in his good character, knowledge and management skills. Their main goal was to maximise property owners profitability and relieving them from the arduous task of management, while at the same time they deliver exceptional services to the guests. Together they made great progress in establishing STAY as a property management company and the story continues.

Xanthos Yiallouros

Xanthos has a career of almost two decades working in the Tourist, Hospitality and Retail Industries. Before leaving for England to do his Master’s Degree in Marketing Management he was studying to finish his BSc in Multimedia Design and simultaneously working 2 jobs as a waiter in a Big Franchise restaurant and as an assistant in a retail shop. He has also spent one year working as a teleservice assistant.
In 2009 he went to England where he has spent two years in order to complete his Master’s Degree and returned to Cyprus immediately after its completion. At the time of his return Cyprus was starting to feel the shockwave of the credit crunch that affected the global economy and unemployment was on the rise. Unfortunately, he could not put in use the knowledge that he learned during his studies, but after a small period of being unemployed he got a job as a store manager in a Retailing company, that had customer focus on the epicenter of its strategy. A great working experience in a Market Leader with really strict procedures continuously striving for excellence and improvement.
In 2013 with the Haircut and its great impact on the economy, the company that Xanthos was working for had to let some of its employees go, and after that he decided to migrate to Australia. Life in Australia where he worked mostly in retail and construction was good. Great salaries, a beautiful country with lots of interesting places, many things to do and a new culture to learn but something was missing. His family was away and on top of that he was not doing what he loved to because he was also limited by the visa, he was holding. With the expiration of his visa he took the decision that it was time to head back home where things have started looking better, so with his luggages full of new friendships, experiences & knowledge he boarded the plane and headed back home.
With his return in 2016 he shortly found a job in retail once more this time being responsible for the timely replenishment of the inventory and the addition of new products in order to meet market demands. After a year at this job, he took the decision to start an MBA course at the University of Cyprus, a choice he feels will be one of the most important he ever took in advancing his career. It was at this time that Mike first proposed Xanthos to become a partner in founding the company, but he felt that he was not ready for it. Mike never gave up on Xanthos as he truly believed in him and after a period came back with another offer. Xanthos that was about to finish his MBA degree and always had the wish to creating his own Business felt that this was a promising business idea that could help him fulfill his dreams and put into practice everything that he has learned during was working and academic path.

Xanthos Yiallouros

Xanthos has a career of almost two decades working in the Tourist, Hospitality and Retail Industries. Before leaving for England to do his Master’s Degree in Marketing Management he was studying to finish his BSc in Multimedia Design and simultaneously working 2 jobs as a waiter in a Big Franchise restaurant and as an assistant in a retail shop. He has also spent one year working as a teleservice assistant.
In 2009 he went to England where he has spent two years in order to complete his Master’s Degree and returned to Cyprus immediately after its completion. At the time of his return Cyprus was starting to feel the shockwave of the credit crunch that affected the global economy and unemployment was on the rise. Unfortunately, he could not put in use the knowledge that he learned during his studies, but after a small period of being unemployed he got a job as a store manager in a Retailing company, that had customer focus on the epicenter of its strategy. A great working experience in a Market Leader with really strict procedures continuously striving for excellence and improvement.
In 2013 with the Haircut and its great impact on the economy, the company that Xanthos was working for had to let some of its employees go, and after that he decided to migrate to Australia. Life in Australia where he worked mostly in retail and construction was good. Great salaries, a beautiful country with lots of interesting places, many things to do and a new culture to learn but something was missing. His family was away and on top of that he was not doing what he loved to because he was also limited by the visa, he was holding. With the expiration of his visa he took the decision that it was time to head back home where things have started looking better, so with his luggages full of new friendships, experiences & knowledge he boarded the plane and headed back home.
With his return in 2016 he shortly found a job in retail once more this time being responsible for the timely replenishment of the inventory and the addition of new products in order to meet market demands. After a year at this job, he took the decision to start an MBA course at the University of Cyprus, a choice he feels will be one of the most important he ever took in advancing his career. It was at this time that Mike first proposed Xanthos to become a partner in founding the company, but he felt that he was not ready for it. Mike never gave up on Xanthos as he truly believed in him and after a period came back with another offer. Xanthos that was about to finish his MBA degree and always had the wish to creating his own Business felt that this was a promising business idea that could help him fulfill his dreams and put into practice everything that he has learned during was working and academic path.

Your Investment Property is your Greatest Asset!

Professionally managed properties yield greater returns for their owners than self-managed properties and long-term rentals. Click now and learn how much you could be earning with STAY. It's fast, free and easy!

Your Investment Property is your Greatest Asset!

Professionally managed properties yield greater returns for their owners than self-managed properties and long-term rentals. Click now and learn how much you could be earning with STAY BnB. It's fast, free and easy!