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A mega deal is coming for three hotels in Halkidiki
The Grigoriadis family is re-investigating the market for the sale of three of its hotel units in Halkidiki.
For sale is 75% of the share capital of the companies that control the hotels Theophano Imperial Palace, Athos Palace and Pallini Beach in Halkidiki, with a total capacity of about 1,000 beds. Deloitte is the financial advisor.
Recelntly the shareholders have had exclusive discussions with a foreign investment group, which seeks to “build” a wide portfolio of hotels in Greece. During the exclusivity period, due diligence was performed, and a binding offer is being prepared.
The market estimates that the total value of the three units will exceed €80 m, of which about €20 m is related to loans.
Original Source: Euro2day.gr
Adaptation/Summary: Kiki Athanasiadis