Privatization Fund Launches Tender For 14 Tourism Properties In Greece

Xenia Kozani

The Hellenic Republic Asset Development Fund (TAIPED) has launched an open international tender for the sale, transfer of the right of surface for 99 years and lease for 50 years for a cluster of public properties eligible to be developed into boutique hotels or luxury villas/mansions.

The cluster includes the following assets:

Xenia Andros

• 8 currently not operating Xenia Hotels located in Vitina, Platamonas, Komotini, Edessa, Thassos, Kozani, Tsagarada and Andros;
• 3 traditional and unique mansions located in Mount Pelion, which once were operating as small luxurious hotels (Evangelinakis Mansion, Mousli Mansion and Xiradaki Mansion)
• 2 former sanatoriums and currently vacant buildings located in the regions of Arcadia (Sanatorium of Mana) and Rhodes (Sanatorium of Saint Eleousa);
• the Villa de Vecchi, a historic property on Rhodes.

Sanatorium of Mana, Arcadia.

According to Greece’s privatization fund, the properties are to be developed individually or in combination, forming a geographically diversified portfolio of properties suitable for tourism, accommodation and recreational uses.

Proposals must be submitted by no later than 30 September 2014. The tender is expected to be completed by the end of the year.

For further information, press here.