The hotels will have at least 150 rooms, suites, and penthouses

The transaction is expected to be finalized by the beginning of 2022.

The main transaction consideration was agreed at the amount of € 28.500.000.

Intrakat expands investments in the real estate industry and in particular the leisure sector.

The Region of Western Greece has approved the strategic environmental impact study for the project.

Grupo Roxa will retain a minority interest in the hotel.

Borgo di Luce I Monasteri Golf Resort & Spa, a member of Radisson Individuals now consists of three buildings.

D. Yiannakopoulos holds an important stake in the company that purchased the prime asset.

Lamda Development S.A. and TEMES S.A. announced the signing of their strategic agreement for the joint development of two state of the art, luxury hotels and residential complexes on the costal front of the landmark Hellinikon project, during the first five year phase of the project. The partnership will bring to life a commonly shared vision to further establish Athens as a top world-class tourism destination and place the Athens Riviera on the world tourism map.

The luxury hotel complex will operate as Kerzner International's "One&Only".