NBG retains 100% of the Senior notes and 5% of the Mezzanine and Junior notes, selling 95% of the Mezzanine and Junior notes
The property possesses good connectivity to both highways and public transportation.
The industry has seen a drop in commercial real estate values due to higher interest rates and lower occupancy levels.
The budget for the project is 10,696,860 euros and has been included in the public investment program.
Airliners have increased their routes to and from Chania and Sitia airports to better serve passengers.
Aro Palace features 189 guest rooms and suites and a further 67 executive rooms and suites, a spa, bars, and business lounges.