Bernitsas Law advised Thanos Hotels & Resorts on successfully securing a €107m financing package with Piraeus Bank. As part of this agreement, Thanos Hotels & Resorts is transferring its primary financial activities from Cyprus to Greece in collaboration with Piraeus Bank. With more than €400m in assets under management, this financing package strengthens Thanos Hotels & Resorts’ strategic position for further portfolio growth in both Greece and Cyprus.
The agreement marks a significant step in further reinforcing Thanos Hotels & Resorts’ position in the luxury hospitality sector, both through its own hotels and by taking on the management of other properties. It reflects the group’s commitment to high-quality and authentic hospitality services.
Managing Partner Panayotis Bernitsas, Partner Maria Nefeli Bernitsa, Senior Associate Sildia Fotopoulou and Associate Marinos Shiapanis managed the transaction with input from Partner Fotodotis Malamas and Associate Antonis Fix.