Iconic Aristi Mountain Resort acquired by Hellenic Properties

The transaction forms part of the company’s investment strategy, which focuses on the development and acquisition of boutique hotels and hospitality assets capable of operating year-round.

Hellenic Properties has announced plans to invest approximately €150 million over the next three years, with the objective of creating one of Greece’s largest privately owned hospitality real estate platforms.

The acquisition of Aristi Mountain Resort aligns with this strategy, as the property is widely regarded as one of the country’s leading mountain hospitality destinations, with a strong position in the luxury tourism market and significant international recognition.

The resort comprises 26 guestrooms and suites, villas, a restaurant, wellness facilities, a swimming pool, and conference spaces. It operates on an almost year-round basis, distinguishing it from a large portion of the Greek hotel market, which continues to be characterized by pronounced seasonality.

In recent years, Aristi Mountain Resort has consistently delivered strong operating performance, supported by high occupancy levels and growth in average daily room rates, reflecting sustained demand for premium hospitality experiences in alternative destinations. The property has also strengthened its international profile, earning two Michelin Keys in 2025, while its Salvia restaurant has consistently ranked among Greece’s most acclaimed gastronomic destinations.

Beyond its current operations, the property offers considerable potential for further development. Adjacent land provides an opportunity to expand the resort through the addition of new guestrooms and suites, potentially doubling its accommodation capacity in the coming years. Hellenic Properties is expected to evaluate investments aimed at further upgrading the resort as part of its broader active asset management strategy.

The company follows an investment model focused on acquiring high-quality hospitality assets with strong brand identity, established market recognition, and significant organic growth potential, rather than concentrating exclusively on developing new tourism projects from the ground up. Its objective is to create long-term value through expansions, renovations, and service enhancements, capitalizing on the steadily growing demand for high-end hospitality experiences.

The acquisition of the Zagori property expands Hellenic Properties’ existing portfolio, which already includes Twinn Downtown Piraeus, a 33-room design hotel in Piraeus. At the same time, the company is evaluating additional investment opportunities in selected destinations across Greece, with a particular focus on hotels capable of operating for most of the year and attracting higher-spending visitors.

In recent years, both international and domestic investment funds have increasingly pursued the creation of large-scale hospitality platforms through the acquisition of existing hotel assets, investing in their refurbishment and expansion.

The strong performance of the Greek tourism sector, rising returns on hospitality real estate, and growing international demand for premium travel experiences have significantly strengthened investor interest in the sector. At the same time, investors are increasingly seeking destinations that are not solely dependent on the summer season, placing greater emphasis on properties capable of operating for most of the year.

Against this backdrop, mountain tourism is becoming increasingly important. Destinations such as Zagori are attracting affluent travelers seeking nature-based, gastronomic, and authentic experiences, enabling hospitality businesses to maintain strong performance beyond the traditional peak tourism season.