Alantra has successfully advised Ella Resorts (“Ella” or the “Group”), one of the fastest-growing hotel platforms in Greece and the wider Mediterranean, on the successful raising of a €710.0mn multi-tranche bond loan facility. The transaction represents a landmark financing for the Group, optimizing its capital structure, refinancing existing indebtedness, and securing additional capital to support its ongoing asset repositioning program as well as targeted hotel acquisitions across Greece, Italy, and Iberia.
Ella Resorts is a luxury resort operator in Greece, established in 2021 by H.I.G. Capital, a leading global alternative investment firm with more than €65bn in assets under management. H.I.G. has built a strong presence across multiple real estate sectors, with a total gross asset value exceeding €6.5bn across residential, hospitality, office and logistics assets. Since its establishment, Ella Resorts has developed into one of the region’s most dynamic hospitality platforms, with a clear strategy focused on high-quality resort destinations and value creation through repositioning and expansion.
Currently, Ella owns and operates a portfolio of approximately 3.4k keys in prime destinations across Greece. Meanwhile, the Group has already secured a pipeline of approximately 1.0k keys across Greece, Italy, and Iberia, underlining its ambition to further strengthen the ELLA brand and expand its footprint across the Southern European leisure hospitality market.
This transaction marks a major milestone for Ella Resorts, providing the financial flexibility required to continue executing its repositioning strategy in Greece while also enabling the Group to pursue selective acquisitions and accelerate its broader expansion across the Mediterranean region. The financing structure was designed to support both near-term operational priorities and the Group’s longer-term strategic growth objectives.
Piraeus Bank acted as the Lead Underwriter of the bond facility, underscoring the confidence and support of one of the region’s leading financial institutions in Ella Resorts’ business plan and growth trajectory.
Alantra acted as exclusive financial advisor and placement agent to Ella Resorts, leveraging its deep expertise in structuring multi-purpose financing solutions and delivering tailored capital strategies for leading sponsors and corporates in the hospitality sector.
Konstantinos Sideris, CEO of Ella Resorts, said: “The successful completion of the €710mn bond issuance constitutes a strong vote of confidence from Piraeus Bank in Ella Resorts and in our strategic growth plan. We would also like to thank Alantra for its tenacious, laser-focused, and highly effective approach in delivering the right financing solution within a demanding timeline.”
George Giannakis, Managing Partner of Alantra Greece & Middle East Investment Banking, said: “This transaction strengthens Alantra’s position as one of the leading investment banking advisors in Greece, across the corporate, maritime and banking sectors. It also underscores our ability to deliver sophisticated capital solutions for fast-growing hospitality platforms such as Ella Resorts, a Group backed by H.I.G. Capital and pursuing one of the region’s most ambitious hotel growth and repositioning strategies. We are proud to have supported Ella Resorts in securing a financing package that will enable the company to accelerate its repositioning program and pursue strategic acquisitions.”
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