G Hotel Collection has acquired two historic hotels in Crete and Corfu
G Hotel Collection has acquired two historic hotels in Crete and Corfu
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G Hotel Collection has acquired two historic hotels in Crete and Corfu

The acquisition price is €97 million.
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RE+D magazine
29.02.2024

The G Hotel Collection has acquired two historic hotels in Crete and Corfu.

A new hotel group has been formed as a partnership between the Papadakis family, owner of the tourist organization DTS Incoming Hellas, and Sören Hartmann, president of BTW (Federal Association of the German Tourism Industry), and Ferid Nasr, owner of luxury hotel units in Europe, Egypt and Tunisia. 

The group has acquired two hotels in Greece - the Serita Beach Hotel in Anissaras Hersonissou, Crete, with a capacity of 276 rooms, and the Roda Beach Resort & Spa in northern Corfu, with a capacity of 520 rooms and located on an area of 100,000 square meters. The acquisition price is €97 million. 

The hotels will continue to operate normally next season under new professional management, with existing contracts remaining in force. 

After the end of the summer season, they will be closed for renovation. Sören Hartmann has expressed his confidence in Greece as a destination and is pleased to invest in two excellent seaside hotels with great potential for development and improvement.