Your Legal Partners acted as legal advisor to our esteemed client, Premia Properties, in their recent strategic acquisition of Sunwing Hotels Hellas Single Member S.A. from Nordic Leisure Travel Group. This significant transaction, completed on July 31, 2024, encompasses two prominent hotel resorts: Sunwing Kallithea Beach in Rhodes and Sunwing Makrigialos & Ocean Beach Club in Crete.

The acquisition, valued at €112.5 million, marks a pivotal expansion for Premia Properties into the Greek hospitality sector. This sale-and-lease-back transaction underscores a new era of strategic partnerships in the hospitality sector, enhancing Premia Properties’ portfolio while maintaining operational continuity through a long-term lease agreement with Nordic Leisure Travel Group.