Greece: Cypriot company Treppides Investments & Holdings has signed a deal with family office Stavros Efremidis and Delfi Partners Group (DPG) to sell the Oniro Hotels portfolio.
The deal includes the Oniro City Hotel in Kolonaki, the Asomaton Hotel in Thiseio, the Oniro Suites in Chora Mykonos, and a property under construction located on Milioni Street in Kolonaki.
Along with the hotel acquisitions, the family office of Stavros Efremidis and DPG acquired the Oniro Hotels brand name and subsequently created the Oniro Hotels Group.
Owner of Treppides Investments & Holdings, Nicolas Treppides, commented: “This is a highly successful deal that strengthens and creates a new reality for the Greek tourism sector, while at the same time, highlights our ability to recognise trends in the industry and make decisions accordingly.
“I am confident that the acquisition of the hotels – created and managed by Treppides Investments & Holdings – and the creation of the Oniro Hotels Group will contribute to the further development of the tourism industry in both Greece and Europe.
“I would like to express my gratitude to the buyers for the professionalism exhibited throughout the process of the deal. I am confident that the new owners will continue to offer outstanding services to existing and new customers of the hotels. As the founder of the Oniro Hotels chain, I feel proud that Treppides Investments & Holdings has succeeded, in such a short period of time, to establish a successful presence within the hospitality sector by establishing Oniro Hotels as a dynamic brand name. We look forward to seeing their further development over the next few years.”
Treppides founded Treppides Investments & Holdings in 2010. The company has concluded numerous transactions with hi-tech companies, fin-tech companies, software development companies and medical labs.
The business has also developed several real estate projects in locations across Europe, specifically London, Athens, Mykonos, Berlin and Cyprus.