A major French private equity firm has made its first move into the Greek hospitality market, acquiring the Radisson Blu...

A major French private equity firm has made its first move into the Greek hospitality market, acquiring the Radisson Blu Zaffron Resort in Kamari, Santorini for 28.3 million euros. The buyer is Extendam, a Paris-based firm that manages a portfolio of 400 hotels across Europe, covering 32,000 rooms and 5.1 billion euros in assets as of end-2025. The deal marks the company's first investment in Greece, and fits into its broader strategy of expanding across the European hotel market. British boutique investment firm Redcliffe Capital Ltd co-invested in the acquisition. Together, the two firms purchased 100% of the shares in L.S. Santorini Kamari Xenodocheiaki S.A., the company that owns and operates the resort. Athens-based law firm X. Pelekis handled all legal advisory for the buyers. The transaction required legal due diligence, financing documentation, a bond loan, and a foreign direct investment screening analysis under Greek law 5202/2025. The deal closed successfully with all documentation finalized. Santorini continues to attract serious institutional capital from abroad. This acquisition comes as international investors increasingly treat Greek hospitality assets as high-value targets, with Santorini properties among the most sought-after in the Mediterranean. Extendam has been steadily growing its European footprint and Greece now appears firmly on its expansion map. Whether the Radisson Blu Zaffron is the first of several Greek acquisitions for the firm remains to be seen, but the 28.3 million euro price tag signals strong confidence in the island's long-term tourism value. #Santorini #Greece #Investment