ECONOMY TODAY - Shortly before the start of the summer season in the hotel industry, the Cypriot company Treppides Investments & Holdings has made another big business move.
Shortly before the start of the summer season in the hotel industry, the Cypriot company Treppides Investments & Holdings has made another big business move.
After four years of a successful track record in the Greek tourism industry, Treppides Investments & Holdings, which created, built and managed Oniro Hotels in Athens and Mykonos, entered into a dynamic deal with the family office of Stavros Efraimidis and the Delfi Partners Group, who acquired four hotel units belonging to the Oniro Hotels portfolio.
The acquisition includes Oniro City in Kolonaki, Asomaton in historic Thiseio, Oniro Suites in Chora, Mykonos and the property under construction on the cosmopolitan Milioni Street in Kolonaki.
Simultaneously with the hotel units, the family office of Stavros Efraimidis and the Delfi Partners Group secured from Treppides Investments & Holdings the brand name Oniro Hotels and proceeded to the establishment of the Oniro Hotels Group.
The owner of Treppides Investments & Holdings Nicolas Treppides expressed his satisfaction for the implementation of this important deal which, as he noted, was the result of months of negotiations.
"This is a highly successful deal that strengthens and creates new data in the Greek tourism sector while at the same time highlights the insight of Treppides Investments & Holdings to invest, develop and capitalize its investments. I am confident that the acquisition of the hotels and the creation of the Oniro Hotels Group will contribute to the further development of the tourism industry in Greece and Europe. I would like to express my satisfaction for the professionalism shown by the buyers in order to complete the deal and I hope that the new owners will continue to successfully offer a high level of service to existing and new customers of the hotels. For my part, as the initiator and creator of the Oniro Hotels chain, I cannot but feel proud that Treppides Investments & Holdings has succeeded in a short period of time to establish a successful presence in the hopsitality sector, establishing Oniro Hotels as a dynamic brand name".
The newly established Oniro Hotels Group of the family office of Stavros Efraimides and Delfi Partners Group, has an initial investment of eight hotel units in key locations, in the centre of Athens and other popular tourist destinations. It has in its portfolio so far three hotel units in the Kolonaki area, one hotel unit in Monastiraki, one hotel unit in Zakynthos, one hotel unit in Skiathos and two hotel units in Mykonos, of which one is under construction.
The newly established group aims to play a leading role in the tourism industry by strengthening its portfolio in the coming years with other hotels in Greece and Europe.
Along with the investment of the eight hotel units, Oniro Hotels Group has also established a hotel management company (Oniro Hotel Management) as part of this strategic partnership. In addition to the group's hotels, this company will also manage hotel units owned by banks, institutional and private investors and other entrepreneurs in the tourism sector.