(Visited 36 times, 1 visits today)
(Visited 36 times, 1 visits today)
  • Transaction / Assets
    Hotel in Patmos
  • Seller
    Xenodocheio KOS AE
  • Buyer
    SMERC
  • € MM

The SMERC fund acquired the Aktis Suites & SPA hotel in Patmos

As announced, the Investment SMERemediumCap Fund (SMERC) came to an agreement with the company HOTEL KOS SA for the acquisition of the hotel Patmos Aktis Suites & SPA.

The seaside hotel originally operated as XENIA and today is the only five-star hotel on the island of Patmos, is in one of the most beautiful locations in the Aegean, in the bay of Grikos, on the southeast side of the island. SMERC aspires to upgrade the quality and expand the hotel’s hospitality infrastructure, significantly increasing the capacity of its 175 beds today. In addition, it plans to add traditional building elements of Patmos to the buildings and the surrounding area, further highlighting the architectural and cultural characteristics of the island.

The transaction is expected to be completed soon and the hotel will be operate as of June 3rd.

Original Source: MoneyReview.gr

Adaptation/Summary: Kiki Athanasiadis

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