hotels-leisure

Hotels & Leisure

Kelemenis & Co. has a long and specialized presence in the tourism and hospitality sector, providing legal support to businesses and investors throughout the life cycle of tourism investments. The firm supports hotel chains, investment funds, property managers, Destination Management Companies (DMCs) and travel organizations in complex transactions related to the development, financing, exploitation and transfer of tourism businesses and units. In this context, Kelemenis & Co. combines knowledge of the corporate, financial, tax and regulatory framework, providing practical and sustainable solutions tailored to the specificities of the industry.

The firm’s expertise includes:

Tour Operators, DMCs & Travel Services

  • Advising tour operators and Destination Management Companies (DMCs) on Greek and EU regulatory frameworks
  • Drafting and negotiating commercial agreements across the tourism value chain
  • Structuring travel packages and linked travel arrangements in line with EU and Greek law
  • Ensuring compliance with consumer protection and organiser liability regimes
  • Advising on B2B and B2C distribution, partnerships and digital platforms

Management and Operating Structures

  • Structuring and negotiating hotel management and operator agreements
  • Advising on branded residences and mixed hospitality concepts
  • Drafting and reviewing franchise, licensing and branding arrangements

Leases and Exploitation of Tourist Properties

  • Structuring lease, leaseback and operational models for hospitality assets
  • Advising on long-term exploitation agreements and mixed-use developments
  • Supporting complex tourism real estate structures and asset optimisation

Investments & Corporate Transactions

  • Advising on acquisitions, disposals and joint ventures in the Greek hospitality sector
  • Legal due diligence of hotel and tourism assets
  • Structuring investments and corporate arrangements for inbound and domestic investors

Greenfield and Brownfield Projects

  • Advising on greenfield tourism developments, including strategic investments
  • Supporting brownfield acquisitions, repositioning and redevelopment projects
  • Delivering comprehensive legal due diligence and risk assessment
  • Structuring development, construction and financing frameworks

Project Development and Construction

  • Advising on the development of tourism and hospitality assets in Greece
  • Drafting and negotiating construction and project delivery agreements
  • Navigating urban planning, zoning and permitting procedures

Financing and Investment Structures

  • Structuring project finance and security packages for hospitality projects
  • Drafting and negotiating financing documentation
  • Advising on restructurings, refinancings and distressed situations

Investment Incentives

  • Advising on Greek development laws and incentive schemes
  • Structuring investments in compliance with state aid rules
  • Supporting the implementation of subsidised investment plans

Health, Safety & Regulatory Compliance and Licensing

  • Advising on the regulatory framework governing health, safety and hygiene in hospitality and tourism establishments
  • Ensuring compliance with fire safety, civil protection and emergency response requirements
  • Advising on food safety, sanitation and public health obligations
  • Supporting internal compliance systems and audits
  • Supporting licensing procedures and ongoing license compliance
  • Advising on operator liability and administrative enforcement

Sector-specific Labour Framework

  • Advising on employment and labour law matters in the hospitality sector

Tax

  • Advising on tax structuring of tourism and hospitality investments
  • VAT planning and compliance in the tourism sector
  • Cross-border tax considerations for international investors

Disputes & Dispute Resolution

  • Representing clients in disputes arising from management, lease and operating agreements, and allotment and commitment contracts
  • Handling investment, construction and commercial disputes
  • Acting in litigation and arbitration proceedings

Representative Clients

Expedia, Emirates, Hotelbeds, Jet2holidays, FTI Touristik, Meeting Point, PPHE Hotel Group, HomeExchange, Europamundo, Labranda Hotels & Resorts, Youtravel.com, Blue Lagoon, Ermou Marriott, Vasia Hotels & Resorts, DANAOS, Aquis Hotels & Resorts, Amaronda Resort & Spa, The Peligoni Club, ANIXE, Vistara, Thomas Cook, Tresor Hospitality, Butterfly, Anissa Beach Hotel, Anerousa Beach Hotel, Messina Resort Hotel, Hellas Capital Leasing, Travlaw, Semeli Hotel, Pax More, Sbokos Hotels, AGC Equity Partners, Pyramis International, Real Lesvos, Barclays Ventures, Kipriotis Hotels, Yourholidays.com, Israel Airport Authority, Scandinavian Airlines

Representative Clients

FTI Touristik, Meeting Point, Expedia, Thomas Cook, Youtravel.com, Aquis Hotels & Resorts, Warwick Capital Partners, Barclays Ventures, Blue Lagoon Annex, Kipriotis Hotels, Yourholidays.com.

IFLR 1000 2014 says:

Kelemenis & Co. is best known for its work on corporate matters specifically in the energy and leisure industries… In the M&A area transactional highlights included acting for Youtravel.com on its sale to FTI Touristik and a number of other confidential mandates in the tourism sector.

Legal 500 2013 says:

Kelemenis & Co. advised Youtravel.com on its financing by Santander. It also has experience in refinancings and derivatives. Ioanna Lazaridou and Tom Kyriakopoulos are the names to note.

Chambers Europe 2013 says:

This firm is well reputed for its dispute resolution work, particularly in the energy and leisure sectors.

Chambers Europe 2012 says:

This growing firm has created a strong name for itself advising on commercial disputes in the energy, leisure, insurance and pharmaceuticals sectors.

Chambers Europe 2010 says:

A further area of focus for the firm is the hotels, leisure and travel sector, where it has advised on several hotel and resort acquisitions.

Legal 500 2010 says:

Kelemenis & Co. has a prominent profile in the leisure and hotel industry, advising on corporate finance issues. The team, led by the “commercially aware” Yannis Kelemenis, acted for Aquis Hotels & Resorts on the €100m financing of eight hotels and resorts.

Legal 500 2009 says:

Kelemenis & Co. has an international focus to its corporate practice. The firm has recently acted for Barclays, as majority shareholders in Greek subsidiary Youtravel.com, on an acquisition bid for the company by Western & Oriental.