The aggregate purchase consideration for the Acquisition is approximately €76.8 million.
The complex offers a leasable area of approximately 4,676 sq.m in 30 apartments and 18 two-story houses.
The Casa Cook and Cook’s Club brands feature 16 franchised properties across prime sun and beach locations in the Mediterranean and Red Sea.
The property is strategically located in Combs-la-Ville, a prime logistics hub only 35 kilometres south of Paris.
the project is located at "Xyloftes-Schinias-Tholos Kavousiou" in the municipality of Ierapetra Lasithi.
Nationally, home prices in March were 0.7% higher than March 2022, the S&P CoreLogic Case-Shiller Indices said.
This growth is driven by food and beverages, both fresh and standardized.
The investment comprises a 5-star hotel with 123 rooms and suites, as well as 17 branded luxury residences / apartments.
This is the company's third investment in the Greek hotel market.
Prospective applicants will be able to submit their application until September 15, 2023.