Real-Estate Development Projects
Real-Estate Development Planning Projects in Greece

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The "FN Development Real Estate Development Project" consists of three Real Estate Projects in Greece.

The projects are active hotel units, needing redesigning and (re)development. An existing understanding with big Hotel Operators is directing the needs of this (re)development, in order to maximize the exit policy after a period of 4 to 6 years (with a ROE around 160%).

It is predicted that these projects will be transferred and performed by another AENAOS LLC subsidiary dealing only with Real Estate Development. 

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Sun Beach Hotel is a 124 Key / 238 bed Hotel offering a prime location close to Agia Triada's beach, Sun Beach Hotel provides clean and comfortable rooms with free American breakfast, just 14 km from Thessaloniki Airport. Several shops and restaurants are just a short walk away.

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Aqua Mare Resort is located on Melissi beach, 25 km away from Corinth, with a unique view of the Corinthian Gulf. It consists of a main building of 82 rooms 3 *** (needs improvement), swimming pool, pool bar, and fully organized beach bar with its own beach.

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The Project concerns 4 properties located in Barbati, Corfu. Although there are existing hotel facilities on the properties, the whole project will be redisigned in order to comply with the Operators' needs. 

There is already an understanding with FRAM (acronym for Fer Route Air Mer) which is a French travel agent founded in 1949 and was the third largest travel agent after TUI and Thomas Cook. The agreement includes the guaranteed lease of 100 rooms of the unit that will be created for 180 days per year with a certain price per person per night, for 10+10 years with mutually agreed price adjustment per night per year.