Greece - Five Star Boutique Hotel Chain

The company is planning to create a network of small Five Star Boutique hotels in Greece. The first two hotels are based in Northern Greece, total capacity 164 beds (74-90). Total cost 24.000.000€, public grants 11.000.000€, EBITDA 39,70% and 50,00%. Equity needed 20.500.000€. With the completion of the project (after 1.5-2 years) the investor will receive directly the entire grant from the Government (11.000.000€) and the rest of the investment will be returned in a 7 years period.