Transaction / Assets Tinos Beach Kionia HotelSeller naBuyer Attica Blue Hospitallity€ MM 6.5
Attica Group acquired hotel on Tinos island
Attica Blue Hospitality announced the acquisition of hotel Tinos Beach, located in Kionia Tinos, for a total price of €6.5 m. The financing of the acquisition comes from equity and bank lending. The hotel complex has been built in a total area of 14.500 sq.m., has 180 rooms in a three-storey main building with basement and three bungalows. Attica Blue Hospitality will upgrade and modernize the hotel’s facilities. Tinos Beach Hotel is a 400-bed facility.
This is the second hotel acquisition by Attica Group, the first one being in Naxos, last December.
Original Source: eRed.gr
Adaptation/Summary: Kiki Athanasiadis