Transaction / Assets Porto Carras resort, GreeceSeller Technical OlympicBuyer Belterra Investments€ MM 200
Belterra Buys the Greek ‘Porto Carras’ Resort for €200M
22 April 2020 – Brainsre.news
The complex spans a surface area of 1,763 hectares, including nine kilometres of beaches and 990 rooms distributed across three five-star hotels.
Technical Olympic has agreed to sell the five-star Greek tourist complex Porto Carras for €200 million to Belterra Investments, which belongs to the Ivan Savvidis group, according to Europa Press.
The resort spans a surface area of 1,763 hectares, including nine kilometres of beaches and 990 rooms distributed across two five-star hotels, Melitón and Sithonia, and the luxury boutique hotel Villa Galini. This operation has been advised by the Greek subsidiary of Cushman & Wakefield.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake