London-based real asset investment firm CBE Capital has led a club-deal investment into a new Six Senses resort and branded residences to be developed in Porto Heli on the Greek mainland.
The €150 mln development is being financed by a club of equity investors including the Greek Goutos family, the New York-based fund Taconic Capital (advised by Cedar Capital) and CBE Capital.
The project is among the first institutional-level investments in the Greek hotel sector led out of the UK, according to CBE Capital.
Set to open in 2026, the Six Senses Porto Heli will offer around 60 rooms and suites, most with private plunge pools and private terraces or gardens, along with a three-bedroom retreat villa.
In addition, there will be ten branded residential villas for sale, offering five to eight bedrooms. The property is located in two private bays in the municipality of Ermioni, close to the islands of Spetses and Hydra.
Geza Toth Feher, managing partner of CBE Capital, said: 'With increased uncertainty around interest rates and inflation in established markets, our focus on high-yielding opportunities in Italy and Greece is really paying off. We at CBE are immensely proud of this transaction which will add an exciting new chapter to the Peloponnesian region.'
Six Senses Porto Heli is the latest addition to CBE’s involvements in luxury hotel acquisitions in Southern Europe.
CBE has arranged deals valued over €1 bn including the recently opened La Palma Capri by Oetker Collection and the Corinthia Rome which is under development.
Building on this strategy, CBE has appointed UBS to raise up to €400 mln in additional equity from a small number of institutional investors for its growing pipeline of investments in ultraluxury resorts, hotels, and branded residences.
