• Transaction / Assets
    Porto Carras resort, Greece
  • Seller
    Technical Olympic
  • Buyer
    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

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