Intrum: 72 hotel units to consortium comprised of SMER, Laskaridis family, Brown

An eyebrow-raising 72 hotel units throughout Greece will reportedly be purchased by a consortium from Swedish NPE and real estate-owned assets manager Intrum.

The 72 properties are bundled together as the “Tethys” portfolio, with mortgages linked to business loans allocated to 69 companies, and worth 250 million euros.

The consortium is comprised of the SMER fund, the Thanassis Laskaridis family’s investment group and Israel-based hotel operator Brown.
The same reports say the transaction will be concluded in the next few days, as the bid by the consortium is the highest received. If completed, a transfer of the properties will come in early 2023.

Many of the units are billed as four- and five-star hotels, some located in top tourism destinations, and with total capacity approaching 4,000 beds.