Yannis together with the Group’s owners have had an ownership interest in over than 35 hotels of a widely diversified portfolio ranging from 4 and 5 star to deluxe properties and mid-market business and large conference hotels to boutique hotels and luxury resorts and city hotels.
Further to the above, Yannis was in charge of the Joint Venture with Aramark, for the needs of the Athens 2004 Olympics catering. This was the world’s biggest catering project sizing of 75k meals/day and this record was broken only once for the needs of the Beijing 2008 Olympics.
Since 2017 Yannis developed a collaboration with Hines and Henderson Park, starting with the franchise and management of the Grand Hyatt in Athens. This successful collaboration has been expanded as, currently, we manage 8 properties in Athens and Crete owned by our partners.
In 2018 Yannis acquired the former Radisson Park-Inn in Sofia, and turned it into a five-star hotel, after a renovation and development of the property. Maison is currently branded through an agreement with Accor which turned the Hotel to an “M-Gallery”.
We are active as owners and operators of Class A’ international hospitality chains (Accor, Hyatt, Marriott, Intercontinental-IHG) hotels & resorts.
The Group focuses on a diversified portfolio of upper upscale and luxury hotels located in South Eastern Europe.
Our hotels, mostly situated on prime locations, are complicated, stand-alone business that service sophisticated customers, demanding nothing less than the highest level of asset management expertise that delivers top line revenues and drives bottom line profitability.
Aggressive asset management and disciplined capital allocation is our core competency and our competitive advantage. We seek to maximize investors returns through a combination of revenues growth, operational improvements and appreciation of the net asset value.
We are intensively focusing on operational excellence. As for us the RevPAR is the key top line performance metric, we are focusing on maximizing it, as well as, the non-rooms revenue and EBITDA per room.
Our growth strategy is focusing on the:
• Ongoing evaluation of external growth opportunities in Southeastern and Central Europe
• Targeting assets where we can generate more value than other potential owners and managers
• Meeting rigorous qualitative and quantitative investment thresholds
• Creating value through targeted well studied capex plans
• We are tightly controlling expenses including food and beverage procurement and labor management systems Assets are operated as complex, mixed use properties with significant ancillary revenue.
Our management team has a vast depth of hotel acquisition, construction, finance and operation expertise. With more then 120 years of combined experience, our executive leadership team is widely regarded for our proven strategy, disciplined execution, and ability to drive unrivalled performance from our properties.
Guided by a disciplined approach to capital allocation and aggressive asset management, We have partnered with premium brands as Marriott, Hyatt, Accor and have achieved attractive IRR during the last years.
The Company is supported by a strong management team, whose members bring considerable experience in hotel operations, investments, asset management, finance and accounting, among many other vital disciplines.
Our strong networking capabilities allow us to identify and source investment hospitality projects in the most prospective Greek and South Eastern Europe industries. We have deep knowledge of the regional macroeconomic and microeconomic reality to advise on all aspects of a transaction, from deal origination to exit planning and provide a comprehensive approach to potential investments in the market.
BSc in Business Studies & Tourism at University of North London
MSc in International Hotel Management, at University of Surrey
• Former Executive Director at Grecotel SA. Yannis has been responsible for the financing of all Grecotel projects cooperating with the banks , for the reconstruction and the refurbishment of some of the biggest Grecotel Hotels, also being involved in all management areas of the Group
• Former Executive Director at Daskalantonakis Group
• Former President at Faiax SA (Hotel company with 8 hotels owned with by Daskalantonakis Group and TUI)
• Former President at Aramark Dasko SA
• Former Member of the Board of Directors at various hotels & resorts companies (Sunstores SA, Olympios Zeys SA, Candia SA, Tourisma SA….)
Mr Daskalantonakis has led international investments developing a 5 star hotel in Turkey , acquiring real estate in Budapest and investing in trophy hotel assets in Bulgaria and Serbia
BA (Hons) – Economics and Business Administration
MBA Tourism Management
Konstantinos , prior to our Group, was serving as Cluster Director of Sales for the Electra Hotels & Resorts in Athens and Salonica and Director of Sales for Macedonia Palace. He has also a past experience as Assistant Director of Sales in MET Hotel Salonica and Sales Manager in Athenaeum Intercontinental Hotel .
He holds an MBA in Tourism Management and Bachelor’s degree in Economics and Business Administration. He speaks Greek , English and French.
BA at Athens University of Economics & Business
MSc in Marketing at Athens University of Economics & Business
Hospitality Services Diploma, Cornell University
Hospitality Management Diploma, Bavaria Fachhochscule, Germany
• Former Director of Operations in Kokari
• Former Director of Operations in Classical hotels
• Former Purchasing Director in Grecotel SA
• Former Purchasing Director in Aramark Dasko
• Former President at Fresh Gourmet SA
• Former President at Akti Varkizas SA
• Former President at First Class SA
• Former Member of the BoD at Cretan Hotel Association
Master in Marketing at School of Higher Industrial Studies of Thessaloniki
Faculty of Management and Economics at Technological Institution of Thessaloniki
• Former HR Director at Classical Hotels SA
• Former HR Manager at AramarkDasko SA
• Grecotel Rhodos Royal – Human Resources Manager
• Over that 10 years of engineering experience in Hotel Industry
MBA, University of Stirling, Scotland
BA Business Administration, Athens University of Economics (ASOEE)
• Advisor to Senior Management at MIG Group
(Ygeia Group & SingularLogic Group)
• Corporate Banking Director, GENIKI BANK
• Business Banking Director, MARFIN EGNATIA BANK
• Business Center Manager/Senior Manager, EUROBANK SA
A five-star hotel in the Athens city center and close to the Athenian Riviera as well, offering 321 rooms patio garden, swimming pool, SPA area, banquet spaces, roof top restaurant and pool, bars, and underground parking.
The already successful performance of the hotel led the owners to invest further on this project. Thus the Hotel is currently being expanded by 236 rooms, including a Royal Suite becoming the largest hotel in Athens and the biggest single Hotel in Greece.
An Accor MGallery five-star hotel .Niko Seaside Resort is a new entry for Agios Nikolaos. A contemporary stylish hotel, located on the coastal line with panoramic views of Mirabello Bay. When it is a trip for just the two of you, an exclusive adult only escape can be just the ticket, 141 Luxurious rooms and suites of unique design, with their own plunge pool. Retreat by relaxing and enhancing your stay with the water element and enjoy Mediterranean and Cretan cuisine in our restaurants and bars, experiencing a journey of distinctive flavors.
Located just 10′ minutes walking distance from the picturesquely center of the city of Agios Nikolaos, Niko Seaside Resort welcomes its guests in a contemporary hotel that guarantees maximum luxury for a perfect stay.
There are 2 more Hotels which will be managed by our Group after their refurbishment that is currently executed and their repositioning. These are the former Hermes Hotel in Aghios Nikolaos and former Santa Marina Hotel in Heraklion. Both these Hotels located in Crete will be branded with a top A class Hotel chain.
During socialism, the Metropol Hotel became an east window to the westward world. Some of the most famous individuals from the 60s and the 70s, such as Anthony Quinn, Brigit Bardot, Elisabeth Taylor, the king of Ethiopia Haile Selassie, chess master Bobby Fisher, and countless politicians, Nehru from India, Nasser from Egypt, Nicolay Ceausescu from Romania, Leonid Brezhnev from the former SSSR were regulars at the hotel.
During the Conference of the unaligned movement in 1961, there were 30 heads of state and over 3000 guests present at the reception held in Metropol. Elizabeth Taylor and Che Guevara, both stayed in its apartments as gusts of Josip Broz Tito. Once the most beloved hotel of Belgrade, originally opened in 1957, The Metropol reopened after a 5 year complete remodel and reconstruction as the Metropol Palace, a Luxury Collection hotel.
Located in the very heart of Belgrade, on kralja Aleksandra Boulevard, close to all of the city’s main attractions, and overlooking the Tasmajdan park, the Metropol Palace is the perfect place for both business and leisure travelers.
The hotel offers the largest conference center, accommodating up to 1000 invitees in one conference room, it features 198 beautifully appointed guest rooms and 38 suites designed in contemporary style, with complimentary use of the spa & wellness center and a fine dining restaurants on the roof top and in lobby area overlooking one of the most beautiful part of the city surrounded by parks.
A hotel with 241 rooms and the largest convention center (1,800 sq.m.) located in the heart of the historical center of Sofia, operating since the 1950s.
The property refers to a trophy asset, adjacent to the Presidential Palace (ex Palace guest house) and it is located in the heart of the vibrant city life, art venues, entertainment and shopping areas, as well as, the governmental offices.
Sofia Hotel Balkan is a joint-stock company headquartered in the capital of Bulgaria, Sofia. Its stock is publicly traded in the “Unofficial market of securities” of the Bulgarian Stock Exchange.
An Accor MGallery five-star hotel situated on a land plot located in Sofia City close to the airport, and currently offers 99 rooms of all types, restaurant, outside garden, swimming pool, SPA area and SPA reception, corridors, lobby bar and underground parking.
Also, the hotel operates 2 conference halls.
Each of our hotels is a complicated, stand-alone business that services sophisticated customers , demanding nothing less than the highest level of asset management expertise that delivers top line revenues and drives bottom line profitability.
Agressive asset management and disciplined capital allocation is our core competency and our competitive advantage. We have a focused and disciplined long term strrategic plan to acquire high quality lodging assets in prime urban and resort locations which have the potential for significant capital appreciation. We seek to maximize investors returns through a combination of revenues growth, operational improvements and appreciation of the net asset value.
Our primary target is to enhance and expand our high end hotel portfolio. Our goal is to acquire luxury hotels in unique location with multiple revenue streams managed as mixed used assets.
We will take advantage of the significant discount on which some properties are priced (distressed market), achiev- ing superior investment returns and provide attractive long-term yields. We are intensively focusing on operation- al excellence. Our revenue management systems are focused on driving ADR.
As total RevPAR is for us key top line performance metric, we are focusing on maximizing RevPAR, non rooms reve- nue and EBITDA per room.
We are tightly controlling expenses including food and beverage procurement and labor management systems Assets are operated as complex, mixed use properties with significant ancillary revenue.
Our vision is to be the premier hospitality Real Estate Investment Trust in South Eastern Europe.
Opportunistically evaluating high-end assets in attractive markets that will deliver a return that exceeds the Company’s cost of capital
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 1,128 properties in nearly 100 countries and 154,000 employees at its owned and managed properties. Starwood is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis®, The Luxury Collection®, W®, Westin®, Le Méridien®, Sheraton®, Four Points® by Sheraton, Aloft®, and ElementSM. The Company boasts one of the industry’s leading loyalty programs, Starwood Preferred Guest (SPG), allowing members to earn and redeem points for room stays, room upgrades and flights, with no blackout dates.
Since their launch in 1999, MKV has completed a unique roll call of interiors projects around the world, from leading hotel groups through to one-off residential properties. Led by MKV Design’s founder, Maria Katsarou Vafiadis, award-winning team brings together a wealth of design and project management experience. From their base in London, MKV DESIGN team works with international clients who range from developers and operators to discerning private owners. What they each have in common is that they share our commitment to the very highest standards and our vision for fresh, exciting, intelligent design.
Hines is a privately owned global real estate investment, development and management firm, founded in 1957, with a presence in 201 cities in 21 countries and $100 billion of assets under management—including $54.5 billion for which Hines provides fiduciary investment management services and $45.5 billion for which Hines provides third-party property-level services.
Lone Star is a global private equity firm that invests in real estate, equity, credit and other financial assets. Since the establishment of its first fund in 1995, Lone Star has organized seventeen private equity funds with aggregate capital commitments totaling over $70 billion.
Henderson Park Capital is a European real estate asset management platform that targets multi-strategy, value-add and opportunistic real estate investments in major European markets. The company, which is based in London, England, focuses on acquiring and repositioning assets that are undermanaged, underutilized or require a repositioned capital structure. Henderson Park was launched by Nick Weber and Trident VI in May 2016. The fund acquired the Hilton London Metropole and Hilton Birmingham Metropole. Henderson Park has previously bought Le Méridien Étoile, the largest hotel in Paris, for €365m (£329m) among others.
Founded in 1998, Marathon manages approximately $13 billions of capital and has approximately 150 employees. The firm is registered with the U.S. Securities and Exchange
Commission (SEC) as an investment adviser under the Investment Advisers Act of 1940. In addition, Marathon is a member of the National Futures Association (“NFA”) and is registered with the Commodity Futures Trading Commission (“CFTC”) in the U.S., the Financial Services Authority (“FSA”) in the UK, and is notice filed as an exempted fund manager with Monetary Authority of Singapore (“MAS”) in Singapore.
Our Group advised Marathon in the context of Capsis Rhodes’ (750 keys) underwriting
Founded in 2004, Bluehouse is a private equity real estate investment management firm focused in Central and Southeastern Europe. Bluehouse manages capital across four funds, investing on behalf of a high-quality institutional investor base, including financial institutions, pension funds, endowments, multimanager funds and family offices.
MBLD is a globally recognized leading lighting design consultancy, With 30 years of architectural lighting design and achieving multiple award winning lighting design designs. The MBLD team strive to achieve their aesthetic objectives and fulfill the design requirements of the brief with a high degree of technical competence and imagination. With this background, the team has always been aware of the psychological effects of lighting in its approach to design. Light is used to enhance space: to define its authority and to evoke the right mood for people in and around the building. The company operates internationally with completed projects throughout Europe, Middle East, Africa, Caribbean, Asia and USA
The Leading Hotels of the World, Ltd. is the prestigious luxury hospitality organization representing more than 430 of the world’s finest hotels, resorts and spas. Headquartered in New York City, the company maintains a network of 25 offices in key cities around the world Formed in 1928 by an entrepreneurial group of forward-thinking Europeans, The Leading Hotels of the World, Ltd. was initially known as The Luxury Hotels of Europe and Egypt, representing 38 hotels with approximately 9,000 rooms and suites. Today, the company represents more than 430 luxury hotels with over 68,000 rooms.
Marriott International acquires Starwood Hotels & Resorts, creating the world’s largest hotel company with 5,700+ properties offering more than 1.1 million rooms across 30 brands in over 110 countries.
Hyatt was founded by Jay Pritzker in 1957 when he purchased the Hyatt House motel adjacent to the Los Angeles International Airport. Over the following decade, Jay Pritzker and his brother, Donald Pritzker, working together with other Pritzker family business interests, grew the company into a North American management and hotel ownership company, which became a public company in 1962. In 1968, Hyatt International was formed and subsequently became a separate public company. Hyatt Corporation and Hyatt International Corporation were taken private by the Pritzker family business interests in 1979 and 1982, respectively. On December 31, 2004, substantially all of the hospitality assets owned by Pritzker family business interests, including Hyatt Corporation and Hyatt International Corporation, were consolidated under a single entity, now Hyatt Hotels Corporation.
Accor S.A. is a French multinational hospitality company that owns, manages and franchises hotels, resorts and vacation properties. It is the single largest hospitality company in Europe, and the sixth largest worldwide. Accor operates in 100 countries, with more than 4,800 hotels and 280,000 employees worldwide.
As a dedicated operator of luxury 5 star hotels, we offer a “total management solution” to hotel owners, companies or investors, demonstrating successful results in hotel services in various types of hotels.
Provision of High Quality and Value-for-Money hospitality to the quests by recognizing and servicing their needs and demands;
Developing and executing annual Business, Sales and Marketing Plans
We provide a wide variance of High Quality and Value-for-Money hospitality management and consulting services:
CONTROLLING AND MIS REPORTING
• Sizeable market with a total population of 60 million.
• Stable political environment. Relatively low current debt and Government deficit levels.
• EU convergence potential
• Long-term growth higher than EU average.
• Re-emergence of intra-regional trade and brand recognition.
• Relatively cheap work force and low taxes..
• Current lack of credit and equity capital a clear opportunity.
• Large scale of ongoing privatization opportunities all over the region.
Greece has nearly completed 4 years of robust fiscal consolidation and structural reform programs supported by financial assistance from the Eurozone countries and the IMF.
Greece is now enjoying a primary budget surplus of 0.8% of GDP (2013, est) that will allow further actions in the country’s debt by and a balanced current account (2013, est).
Investment volumes decreased during the last 3 years due to the unprecedented economic crisis. The Greek market turned into a buyer’s market as a result of the lack of financing. The buyer interest that exists primarily comes from local private investors looking for bargain deals and distressed properties providing typically high returns on equity.
Greece has improved its fiscal account and is expected to restart economic growth in the next few years. New legislation favoring and encouraging foreign investments has been introduced.
Certificate of Excellence, 2021 / Meeting star, Kongres Magazine
Certificate of Excellence, 2019 / Meeting star, Kongres Magazine
Best Film Partner, 2019 / FilminSerbia
Travelers’ Choice Award, 2021, 2018, 2017 and 2014 / TripAdvisor (budge as per below)
Top 10 City Meeting Hotels 2016 / Kongres Magazine
Top Serbian Brands Award, 2016 and 2013
Conde Nast Hot List, 2013 / Condé Nast Traveler
Wallpaper* Best Urban Hotels, 2013 / Wallpaper
Certificate of Excellence, 2013 / TripAdvisor
Best Luxury City Meeting Hotel, 2013 / Kongres Magazine
Sofia Hotel Balkan
Bulgaria’s Leading Business Hotel, 2019 / World Travel Awards
Certificate of Excellence, 2019 / TripAdvisor
Loved by Guests Certificate, 2017 / Expedia.com