The duration of the concession is at least 35 year.
The asset, situated in the island of Kerkyra, Palaiokastritsa, is offered for food and beverage services.
The upward rally in rents, as well as the positive effects on demand, are also due to the needs emerged due to the health crisis.
The total cost for the transaction reaches up to €197,000 and will be covered by the budget of the national branch of the Public Investment Program of the Ministry of Education and Religious Affairs.
Ikos Odisia of Ikos Resorts is an investment of 125 million euros and is expected to operate in the 2023 season.
The project has a total budget of € 15 million and is part of the wider development program of the University and is funded through the Operational Program "Ionian Islands".
The initial bid of the elextronic auction was set at €1,420,000.
HIP is owned by real estate funds, managed by Blackstone.