Piraeus Bank financed a deal between investment companies Henderson Park and Hines to buy five hotels on the island of Crete in southern Greece. The hotels that have been sold are the Hermes and Coral hotels in Agios Nikolaos, the Santa Marina Resort and Apollonia Resort in Iraklio and the Sitia Beach Resort. Eleni Vrettou, executive general manager of corporate and investment banking at Piraeus Bank, says the transaction is significant in view of the damage caused to the country’s hospitality sector by the Covid-19 pandemic.
