IVAN SAVVIDIS IS THE NEW OWNER OF “XENIA”, PALIOURI
The Russian
investor Ivan Savvidis is now the owner of "Xenia" in Paliouri upon
tender of the HRADF. The Shareholder of greek team, PAOK, a few days after the
long-term lease agreement for "Makedonia Palace" hotel in
Thessaloniki bought the famous hotel in Halkidiki. The final agreed amount of
the deal was 14 million euro, although the investment was estimated to cost about
10 million euro.
The initial
proposals were nine, both of greek and international groups. Among those there were Lamda Development, Lampsa SA,
Domotechniki SA, Ellinovalkaniki, Mentekidis SA , Mind Compass, a Russian one
and that of Ivan Savvidis, JSC Donskoy Tabak. In the final stage, however,only
the latter proved able to meet with the standards and, eventually, won the
auction.
The
investment consists of 322 acres of land in Paliouri, within which lies the
internationally recognized hotel "Xenia". The agreement between the
Russian major investor and HRADF includes the renovation of "Xenia"
and the tourist development of the area for the next 99 years.