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(Visited 172 times, 1 visits today)
  • Transaction / Assets
    Tinos Beach Kionia Hotel
  • Seller
  • Buyer
    Attica Blue Hospitallity
  • € MM

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