Company updates Karatzis Group Sells ‘Stella Polaris Creta S.A.’ to TUI by GTP editing team 4 August 2017 written by GTP editing team 4 August 2017 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 11 Crete-based Karatzis Group of Companies announced on Friday that it has sold the 100 percent of the shares of its subsidiary Stella Polaris Creta S.A. to tourism giant TUI Group. Stella Polaris Creta owns 13 hectares of land by the sea in the area of Ierapetra, Crete. TUI Group will use the property to to open a new Robinson Club. According to an announcement, the sale of Stella Polaris Creta is expected to further strengthen the current and future investment plans of Karatzis Group. Moreover, the announcement read that since the subsidiary was inactive, the turnover and operating results of Karatzis Group would not be affected. Karatzis Group also owns the 5-Star Nana Beach Hotel in Heraklion and is currently constructing the luxury Nana Princess in Hersonisos. The new hotel is expected to open in April 2018. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Poseidonion Grand Hotel and Volvo Car Hellas Raise the Bar on Guest Experience next post First Floor of Kos Archaeological Museum Reopens You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Greek Ministries Team Up to Form National Cycling Strategy 5 February 2025 Peiraios Industrial Complex to Become Athens’ New Cultural Hub 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
