Reuters: Piraeus Bank funds Cretan hotel purchases in Greece

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Reuters: Piraeus Bank funds Cretan hotel purchases in GreeceA sign of the bank’s commitment to the tourism industry

Piraeus Bank said on Thursday it has financed a deal by property investment companies Henderson Park and Hines to buy five hotels on the island of Crete in southern Greece, a sign of the bank’s commitment to the tourism industry despite coronavirus constraints, ekathimerini.com reports.

Greece’s biggest lender by assets said the hotels, with more than 1,000 rooms, include the Hermes and Coral hotels in Agios Nikolaos, the Santa Marina Resort, and Apollonia Resort in Iraklio and the Sitia Beach Resort.

“This is yet another key transaction executed during the Covid-19 period demonstrating our long-term commitment to the hospitality sector in Greece despite the current challenges caused by the pandemic,” noted Eleni Vrettou, executive general manager of corporate and investment banking at Piraeus Bank.

RELATED TOPICS: GreeceGreek tourism newsTourism in GreeceGreek islandsHotels in GreeceTravel to GreeceGreek destinationsGreek travel marketGreek tourism statisticsGreek tourism report

Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: Erud

 

 

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