Tourism Sector Leading Recovery Effort

line
Tourism Sector Leading Recovery Effort

24/03/2016

 

Major Greek tourist properties are under process of a change of ownership. These include the Athens Hilton, Athens Ledra and Rhodes Capsis, all currently controlled by private banks (Alpha Bank and Eurobank).

 

Various investors have expressed a provisional interest, as in the case of Capsis were a formal procedure is underway.

 

The prevailing economic climate, security issues affecting travel and price levels are obstacles to be overcome, tourism taking a leading role towards recovery.

 

Focal is providing consulting services to investors and operators sighting hospitality deals, providing technical assistance to support project structuring, technical due diligence, permitting, costing and advise during acquisition and refurbishment.