ECONOMY

UK group eyes Capsis Hotel on Rhodes

Eurobank is in advanced talks with a British investment group for the sale of the Greek bank’s Capsis Hotel on Rhodes, Southern Aegean Regional Governor Yiannis Machairidis told reporters on Wednesday.

The official also revealed that an Israeli group is interested in acquiring the island’s new marina at Kova and that a number of other foreign groups are eyeing holiday complexes and other tourism-related investments on Rhodes. Groups from Mexico, Spain, Russia and Turkey have shown an interest not only in hotels but also in marinas and ports in the region, he added.

Machairidis estimates that the number of foreign tourists in the southern Aegean’s 48 island destinations – accounting for about 35 percent of total incoming tourism in the country – will rise by 10 percent in 2013 compared with last year, while tourism revenues will also increase but at a smaller rate.