Companies in the tourism sector benefiting from RRF loans | eKathimerini.com

Goldman Sachs. Goldman Sachs, who just sold his stake in Halkidiki hotel group Sani/Ikos, has just acquired his three hotel units on the same peninsula in northern Greece. Earlier this week, Goldman Sachs Asset Management acquired Atos Palace, Parini Beach and Theofano Imperial from the Grigoriadis family’s G Hotels.

Eight tourism-related companies stand to benefit from the initial funding from the Recovery and Resilience Fund funded by the European Union.

The first five are for hotels, the other two are for major Greek car rental companies and the eighth is for shipping. These are investment projects with a total budget of EUR 607 million, financed 50% by low-interest loans from the Foundation, 30% mostly by commercial banks and 20% by equity.

Among the projects that stand out among hotels are Paturis’ €40 million and €42.3 million investment plans for the construction of a new five-star hotel with a capacity of 261 rooms on the island of Kos. Complete refurbishment and upgrade to 5-star category of a hotel complex in Hersonissos, Crete by the Greek Crete Investment Group.

The Patmos Actis Hotel has invested a total budget of €8 million in its expansion and modernization. Also in Apokoronas, Crete, Akti Kalyves Hotel and Tourism Enterprises has a €14.4 million investment project for him to build a 97-room hotel.

Another €1.12 million project by the Spyridakos Group concerns the energy upgrade of an existing hotel and facilities on the island of Serifos in the Cyclades.

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