MVH has reportedly purchased the Porto Paros Hotel
MVH has reportedly purchased the Porto Paros Hotel
  REIC  |  Tourism  |  Hotels

MVH has reportedly purchased the Porto Paros Hotel

New deal inked for the Prodea REIC, Invel Real Estate and the businessman G. Papalekas JV.
RE+D magazine
10.01.2022

MVH, a JV of Prodea REIC, Invel Real Estate and the businessman G. Papalekas, has reached an agreement to acquire the Porto Paros hotel.

The hotel arm of the REIC (which recently reduced its percentage to 25%) has comprised in its portfolio the 4-star hotel located in Naoussa, Paros. According to sources familiar with the firm the deal exceeded €55 million.

Built in a traditional Cycladic style, Porto Paros has 199 rooms, 69 of which are bungalows. The complex is 3.5 km away. from Naoussa and 14km. from the capital of the island, Parikia. It is located very close to the water park of Paros and the nearest beach is 500m. far away.

Facilities include a swimming pool, gym, tennis court, playground and spa.