Bain Capital has successfully sold Cora Resort and Spa, a five-star property in Chalkidiki, Greece, to Fattal Hotel Group, highlighting the growing investor interest in the Mediterranean hospitality market.
Information on the Target
Cora Resort and Spa is a prestigious five-star resort situated in Afytos, Chalkidiki, Greece. The resort features 181 luxurious rooms complemented by several restaurants and bars, as well as a dedicated wellness center aimed at providing an exceptional guest experience.
Following an extensive refurbishment and repositioning initiative, supported by a substantial investment of €24 million, Cora Resort opened its doors in July 2023. Since then, it has benefitted from meticulous operational oversight, including a management transition in 2024 that significantly enhanced the resort's performance.
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Industry Overview in Greece
The hospitality sector in Greece, particularly in tourist destinations such as Chalkidiki, has demonstrated robust growth in recent years. The country attracts milli
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Disclosed details
Transaction Size: $26M