Investment Advisory and Sell-Side Support: 4* 190-room Hotel in Rhodes

On behalf of the hotel owner, Navigator has completed an investment due diligence and turn-around plan for a 4*, 190-room beachfront hotel located in Rhodes, Greece.

Rhodes is a Greek tourism destination that combines large hotels driven by tour operator and OTA business, as well as a range of smaller hotels and Airbnb-style tourism apartments and villas. The Old City of Rhodes is a UNESCO World Heritage site, while locations such as Lindos attract hundreds of thousands of overnight tourists and day visitors every year. 

According to the South Aegean Tourist Initiative, tourist arrivals in Rhodes saw 2,550,000 tourists arrivals in the first 9 months of 2022, up by 9% over 2019 arrivals of 2,340,000 tourists. The leading tourism source markets included the United Kingdom, Germany, Italy, The Netherlands, Poland, France and Israel.

In early 2022, Navigator was mandated to support the sale of a 190-room, 4* hotel in Rhodes, on a strategic beachfront location between the airport and town of Rhodes. The sales decision was based on family ownership and changing management requirements.

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Our hotel consulting services included: 

• Detailed hotel site analysis, including zoning and building cadastre; 

• Destination analysis of Rhodes and suburbs; 

• Historical analysis of guest arrivals, ADR, and other revenue; 

• Historical seasonality analysis; 

• Yield analysis and overall financial analysis; 

• 5-year turn-around planning based on seasonality extension and rising ADR;

• Capex requirements for hotel renovation and turn-around. 

In addition to consultancy services, Navigator is currently supporting the hotel investment process through investor representation and communications to Greek and international hotel investors in Greece. 

For further information on hotel investments in Greece, please contact us. 

Client:
Client Confidential

Date of Engagement:
2022-2023

Countries of Operation:
Greece

Business Function:
Investment Advisory Services

Business Sector:

Tourism, Hotel Investment

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Budget

EUR 18,000,000