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HIP Fund Acquires Five Hotels in Greece |
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Monday, September 23, 2019
Madrid.- The investment fund Hotel Investment Partners (HIP), of the Blackstone group, allocated 178.6 million euros for the purchase of five establishments in Greece.
The hotels are located on the islands of Corfu (Corcyra Beach and Grand Hotel), Zante (Zante Beach and Plagos Beach) and Crete (Crete Princess).
They offer a total of 1,464 rooms in three of the most renowned tourist destinations in the country.
It should be mentioned that the management of the hotels will remain in the hands of Louis plc, a tourism division of the Louis Group company listed on the Cyprus Stock Exchange.
For its part, HIP is the largest owner of holiday hotels in Spain with a portfolio of 65 establishments that include a total of 19,000 rooms.
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