Invel Real Estate and Prodea Investments Acquire Greek Luxury Hotel

The pair has acquired White Coast Pool Suite, a five-star luxury hotel offering on the Greek island of Milos.

The hotel, located near Sarakiniko beach, has a total of 30 suites, each offering a private pool and uninterrupted sea view. Invel and Prodea will invest meaningful capital to expand the hotel, transforming it into one of the leading private-pool hotels in the Aegean whilst preserving the natural beauty of the Cycladic landscape.

The hotel is being acquired by Prodea Investments (49 per cent) and Invel Real Estate (51 per cent) through its discretionary fund “Invel Eudora Fund 1LP” (“Eudora 1”). Launched in June 2021, Eudora 1 has since acquired White Coast Pool Suites and Hotel Bellevue in Cortina d’Ampezzo.

Alexis Pipilis, Invel’s Head of Acquisitions in the Hellenic region, said: “This acquisition is a testament to our expertise in identifying and acquiring luxury hospitality assets in outstanding locations in Southern Europe. It follows our acquisition of the Bellevue in Cortina d’Ampezzo and demonstrates our ability to source unique opportunities within these markets.”