The luxury five-star resort features 181 rooms and is located in the area of Afytos, on the Kassandra Peninsula, one of the most popular tourist zones in Northern Greece. The hotel offers unobstructed views of the Aegean Sea and is approximately a one-hour drive from Thessaloniki, making it particularly attractive to both international visitors and city-break travelers.
The resort includes four restaurants, three bars, a private beach, two outdoor swimming pools, and comprehensive wellness facilities, reinforcing its position in the premium leisure destination segment.
Bain Capital Investment and Repositioning
Bain Capital acquired the property as part of its European special-situations strategy and undertook an extensive renovation and strategic repositioning of the hotel. The investment amounted to €24 million, approximately €132,600 per room, transforming the property into a contemporary five-star destination.
The renovated Cora Resort & Spa reopened in July 2023. During the investment period, Bain Capital applied active asset management, covering the full spectrum from development and operations to exit strategy. In 2024, a change in the management team was implemented, with SWOT assuming hotel management, an evolution that contributed to improved operational performance.
According to Bain Capital executives, the successful sale of Cora reflects strong investor interest in well-located, high-quality hotel assets, particularly in mature leisure markets such as Greece.
Strategic Move for Fattal Hotel Group
For Fattal Hotel Group, the acquisition of Cora Resort & Spa is part of a broader strategy of dynamic expansion in Europe, particularly in the Mediterranean. The group plans to relaunch the hotel under the brand “Meravia Hotel by Leonardo Limited Edition”, enhancing its portfolio in the luxury hospitality sector.
Fattal executives highlight that Greece and the wider Mediterranean region have demonstrated outstanding performance in recent years, making the area a key pillar of their investment strategy. This acquisition is considered strategic, as it offers the opportunity to introduce a high-level product into a market with growing demand for luxury and experiential tourism.
Over the past three years, the group has acquired more than 50 hotels across Europe, and through European partnerships has raised approximately €1 billion in capital to fund further expansion in Southern and Western European markets.
