Premia REIC plans to strengthen its newly established subsidiary, Premia HotelInvest, through new acquisitions of tourism-related properties valued at between 250-300 million euros, further expanding its presence in the hotel sector.
The new investments concern four-star hotels, in which the REIC intends to take a more active role in management, either independently or in partnership with third parties. At the same time, the company is also implementing additional investments worth 150 million euros in hotels, student housing and smaller-scale properties.
Premia REIC Chief Executive Officer Kostas Markazos said during the annual general meeting that he expects the group’s portfolio value to reach 1 billion euros within the year.
He also announced that Natalia Strafti, an executive with extensive experience in the real estate market, will assume the role of Chief Executive Officer of Premia HotelInvest. She has previously held senior positions at Eurobank Properties, Grivalia Properties and Grivalia Hospitality, and also participated in the establishment of Grivalia Management Company. The REIC’s management did not rule out the possibility of additional shareholders joining the new subsidiary with minority stakes.
For Premia, 2025 was a year of strong growth, with the company proceeding with 15 new investments totaling 144 million euros. The largest portion concerned the hotel sector, with investments amounting to 95.8 million, of which 64.7 million was allocated to the acquisition of a hotel property in Spain (Gran Canaria), marking the REIC’s first investment outside Greece.
Among the 150-million-euro investment projects currently under development is the upgrade of the Gaia Palace and Gaia Royal hotel units in Mastichari, Kos, with a combined capacity of 466 rooms, representing a total investment of 73 million euros, including acquisition and renovation costs. The renovation works are expected to be completed by 2027.
As the REIC’s management noted, the hotels acquired to date will not be integrated into Premia HotelInvest, as they operate under a different model, particularly regarding management, which is handled by the Scandinavian group NLTG (North Leisure Travel Group).
Based on first-quarter results, Premia currently owns 74 properties, with the total value of its investments standing at 706.5 million euros. The gross yield of income-generating properties stands at 7.1%, while the weighted average unexpired lease term (WAULT) is 10 years.
Last month, the company proceeded with the issuance of a seven-year listed bond worth 150 million euros, while in July of last year it completed a 40-million-euro share capital increase.
For 2026, total consolidated revenues are projected to range between 42 million euros and 43 million euros, while operating profitability (Adjusted EBITDA) is estimated at between 29-30 million euros. The general meeting approved the distribution of a dividend of 0.06 per share.
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