Piraeus Bank this week announced a financing deal worth 40 million euros with Thomas Cook Hotel Investments, a consortium comprised of Thomas Cook plc and LMEY Investments.
The Greek lender is TCHI’s primary credit institution in Greece, while the contract aims to finance new hotel investments in the country.
TCHI was founded in 2018 with the intent to acquire and operate hotels in Spain and Greece, which are among Thomas Cook’s primary destinations for tour packages.
The consortium’s current hotel portfolio in Greece includes only two hotels, in Crete and Rhodes islands, under the Sunwing brand.
Thomas Cook has a huge presence in the Greek tourism sector, bringing roughly three million visitors to the east Mediterranean country so far in 2018, a figure that ranks it first among international tour operators.
Read more at naftemporiki.gr
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
