by Property Forum | Hotel

Zeus International Group has bought three hotels in Bucharest in a cross-border share deal from Alpha Real Estate Services (ARES), a member of Alpha Bank Group.

The Greek company has moved forward to the acquisition of the three hotels following successful six-year management which led to an 8-fold GOP growth since September 2015. The hotel Venice, Opera and Central are located in the center of Bucharest. The value of the transaction was not made public. The seller was assisted in the transaction by lawyers from PeliPartners.

"We are very proud of this acquisition that accelerates Zeus International's strategic goal on portfolio growth and diversity," said Haris Siganos, President and CEO of the company.

Zeus International is a hotel management company, with a view to the future, creating hotels of unique aesthetics oriented to the highest standards of the visitor.

With offices in Athens, Milan, Bucharest, Nicosia, and Sofia, Zeus International has established itself as one of the leading hotel management companies in Greece and throughout Southern Europe with more than 3,500 rooms in 22 hotels in 5 different countries. Zeus International's expansion will continue with additional hotels opening in 2021 and early 2022.