We are delighted to announce that we advised Ella Resorts on a landmark €710 million bond loan arranged by Piraeus Bank — one of the largest transactions in the Greek hospitality sector in recent years.

The facility forms part of the wider recapitalisation of the Ella Resorts platform, supporting the refinancing of existing debt and funding capital expenditure, developments, and future acquisitions across Greece and the Mediterranean.

Drakopoulos advised Ella Resorts on the review, negotiation and execution of the finance documents and the implementation of the related security package. The transaction was led by Partner Mika Lalaouni, supported by Counsel Zoi Nikolidi and Senior Associate Isidoros Skavdis.

Backed by H.I.G. Capital, Ella Resorts continues to build a high-quality portfolio of hospitality assets in key tourist destinations, driven by a dynamic growth strategy through acquisitions and development.

We are proud to have supported Ella Resorts on this significant transaction and to have contributed to the continued growth and resilience of the Greek tourism sector.

Congratulations to all parties involved in bringing this complex and impactful transaction to a successful close.