Domes and Brookfield, through one of its private real estate investment funds, announced the formation of a joint venture, under which Brookfield will acquire a majority stake in the Domes Zeen Chania hotel. Through this joint venture, Brookfield and Domes will proceed with the expansion of the resort, with an investment exceeding 40 million.
Domes Zeen Chania is a 105-key seaside resort, ideally located in Chania, one of the top destinations in Crete. It is part of Marriotts Luxury Collection brand and has received numerous awards, including the Worlds Leading Leisure Resort 2025 at the World Travel Awards.
Brookfield has significant experience in hospitality and long-stay sectors, having invested in and developed leading hospitality platforms across Europe, such as Center Parcs, edyn, Selenta Group, Experimental Group, and Generator Hostels.
Dr. George P. Spanos, CEO of Domes Resorts, stated: We are extremely pleased to move forward with the formation of a joint venture with one of the worlds leading real estate investors. With Domes now a stable operational platform supported by a strong brand, we look forward to collaborating with Brookfield as we enter the next phase of our development.
Brad Hyler, Managing Partner & Co-President of Brookfield Real Estate Group, said: We are excited to invest in Domes Zeen Chania and to collaborate with Domes on the expansion and further enhancement of the resorts services and offerings. This investment marks our entry into the Greek hospitality market, and we look forward to working with the Domes team while exploring additional investment opportunities in the future.
Brookfield is among the largest global owners and managers of real estate. With more than $50 billion in assets under management in Europe across sectors such as hospitality, alternative living, real estate, logistics, and commercial spaces, Europe remains a key market for its strategy and operations.
About Domes
Founded in 2008, Domes is one of the most dynamic hospitality groups in Greece, with 18 five-star hotels across 11 destinations in Greece and Portugal. The Group has a strong presence in the upper upscale and luxury segment, with 8 hotels under Marriott International, Inc. brands and 3 under Hilton Worldwide Holdings Inc.
Domes actively collaborates with leading institutional investors, such as Hotel Investment Partners (HIP), Grivalia Management Company, and Prodea Investments, supporting high-standard developments in iconic leisure destinations.
About Brookfield Corporation
Brookfield Asset Management Ltd. is a leading global alternative asset manager headquartered in New York, with more than $1 trillion in assets under management across sectors including renewable energy and the energy transition, infrastructure, private equity, real estate, and credit.
