Goldman Sachs owns 3 hotels in Greece, wants to buy more: report

Goldman Sachs plans to invest hundreds of millions of dollars in Greek hotels and aims to buy more properties.which said the bank is investing between 150 million and 200 million euros on three seaside resorts in the northern region of Halkidiki.

The Journal also reported that Goldman was looking for more properties in Greece and elsewhere in Europe with a view to potentially run them under a single brand. The country is estimated to have enjoyed a record number of arrivals during its travel season last year,However, the investment also comes as new headwinds rock banks and the real estate sector in particular.as rising interest rates increase the risk premium on bonds tied to the sector.

Best of luck to the Greeks, the last time they let GS in the door they almost bankrupt the country...

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Your Next Greece Getaway Could Be at a Hotel Owned by Goldman SachsGoldman bought three hotels overlooking the Aegean Sea. Next up: a renovation and a new brand. They don't have to pay the workers anything “According to people familiar with the matter”……. A typical quote appears yet again from you. Yet it is enough to produce a headline. It’s laughable at this point. Now may be the time to finally visit Greece, with new hotels pomising American plumbing.
Source: WSJ - 🏆 98. / 63 Read more »