Kelemenis & Co advises on a €13m hotel acquisition in Heraklion, Crete

Kelemenis & Co. has been instructed by a consortium of foreign investors to act for the acquisition of “Seaside Hotel”, a recently built 4-star hotel situated in the Aghia Pelagia region, in Heraklion, Crete. The firm shall carry out legal due diligence and prepare transactional documentation all the way to closing. Ms. Xanthi Diamanti is the firm’s lead lawyer on this €13m acquisition. Closing has been scheduled for mid-November 2005.