The Polish tour operator purchased Pefkos Garden Hotel on eastern Rhodes for € 2,925 m. The purchase was done through Rainbow’s subsidiary company, White Olive. The hotel was sold by MB AND I. VENETOULIS SA.
White Olive is a hotel chain established in 2015, and it’s owned by the Polish tour operator, Rainbow Tours. Its portfolio, until recently, consisted of three hotels in Zakynthos: the five-star White Olive Elite Laganas and the four-star White Olive Premium Laganas in Laganas, and the four-star White Olive Premium Cameo in the Agios Sostis region.
Rainbow Tours was established in 1990 and is today the second largest tour operator in Poland, operating with 77 branches in the country. The company is listed on the Polish Stock Exchange since 2007.