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hospitality Market News: Spanish Real Estate Intelligence

Greek-Russian businessman Ivan Savvidis close to purchasing Porto Carras Hotel in Halkidiki

Businessman Ivan Savvidis has reportedly entered exclusive negotiations with Techniki Olympiaki for the sale of the Porto Carras hotel complex in Sithonia, Halkidiki. Techniki Olympiaki has made the announcement without naming the investor. Even though there has been market information that TEMES, which controls Costa Navarino and Hilton, as well as Hines and Prodea Investments, were interested in investing, eventually Ivan Savvidis is the predominant stakeholder.

Porto Carras is valued at 394.5m euros. The hotel complex is located on 17,630 acres in Sithonia and includes Villa Galini, the five-star Meliton and Sithonia hotels and Village Inn. The hotel complex has the largest private marina in Northern Greece, one of the largest in the Balkans, an 18-hole golf course and a conference center.

Following the model of major tourism developments which combines residences and tourist units, Porto Carras SA has secured a building permit for the construction of 526 luxury homes that buyers will be able to rent.

If the negotiations succeed, Ivan Savvidis will make another major investment in domestic tourism. He controls, through a 40-year lease, Macedonia Palace hotel in Thessaloniki, and plans to use the 230 acres of land in Paliouri, Halkidiki.

Piraeus Leasing puts up for sale or lease Rhodes, Corinthia and Mykonos hotels and apartment complexes

Piraeus Leasing has put up for sale or lease 3 hotels in Rhodes and Corinth and 6 residential complexes in Mykonos for hospitality purposes.

In Rhodes, the 2 hotels that are functionally integrated are located on the Rhodes-Koskinos Highway, in the area of ​​Kallithea. The complex consists of a 113-star 3-star hotel (215 beds) and a 76-room 2-star bungalow (152 beds). In Corinthia the hotel is has a capacity of 177 beds and extends to a plot of 7,596 sq.m. Also, available for sale or rent are 6 different residential complexes for hospitality use. Three of the complexes are located in Fanari, one is located in Paragheria Aspas, one in Panormos and one in Agia Sofia.

Therisso hotels leased a 6-story building in Athens city centre

THERISSO - HOTELS & CONSTRUCTION COMPANIES SA, controlled by the Kantilierakis family, has leased a property at 30 Didotou and Mavromichali str. The company operates in hospitality, mainly in Crete, while participating in the business group that operates Elia Ermou Athens Hotel on Ermou Street. in Athens.

The tender was organized by the Single Supplementary Insurance Fund. The contract is expected to be signed shortly. The building is an independent six-story with auxiliary basement, 3 ground floor retail shops with lofts and apartments. The building is located near the squares of Omonia, Klafthmonos and the Academy / University / Library, on Panepistimiou Street.  

The building is licensed to be used as residential apartments, accommodation or offices on the floors and as any commercial activity on the ground floor.

The minimum monthly rent of the property set out in the relevant tender was EUR 2,617. The lease of the property is for a period of 12 years and will commence on the date of the signature of the lease. It is possible to extend for a further 12 years cumulatively, without a tender.