Project Tethys hotel portfolio of 72 units disposed off
Project Tethys hotel portfolio of 72 units disposed off
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Project Tethys hotel portfolio of 72 units disposed off

The buyer of the portfolio is the consortium "SMERemediumCap / Latonia Enterprises Company Limited - Athanasios Laskaridis Family Office / WHG Europe Limited - Brown Hotels".
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RE+D magazine
24.03.2023

Intrum Hellas announced the sale of a portfolio of 72 hotel units with a legal claim of €254 million (Project Tethys) to the consortium SMERemediumCap / Latonia Enterprises Company Limited – Athanasios Laskaridis family office / WHG Europe Limited – Brown Hotels portfolio.

Tethys, which is the first sectoral portfolio of loan liabilities sold on the secondary market in Greece, consists of 72 hotel units with more than 4,000 rooms in popular tourist destinations of which 50% are located on Aegean islands (22 units), of Ionian (3) and Crete (11) while the rest in Macedonia and Thrace (19 units), Central Greece (9) and the Peloponnese (8).

It is been noted that Intrum Hellas is the manager of the claims arising from loans and credits from the special purpose companies with the names Sunrise I NPL Finance DAC, Sunrise II NPL Finance DAC and Vega II NPL Finance l DAC to which the specific portfolio belongs.