C. Pelekis Law Firm has successfully advised Extendam, one of Europe’s leading hospitality investment firms, and Redcliffe Capital Ltd on the acquisition of 100% of the share capital of L.S. Santorini Kamari Xenodocheiaki S.A., the owner and operator of the Radisson Blu Zaffron Resort in Kamari, Santorini.
The transaction, valued at €28.3 million, marks Extendam’s first investment in the Greek hospitality market and represents another significant cross-border investment in one of Greece’s most prominent tourism destinations.
Acting as legal counsel to the purchasers, C. Pelekis Law Firm provided comprehensive legal support throughout all stages of the transaction. The firm’s work included legal due diligence of the target company and its assets, the preparation and negotiation of financing and bond loan documentation, Foreign Direct Investment (FDI) screening analysis under Law 5202/2025, as well as the preparation of share pledge arrangements and closing documentation.
The acquisition highlights the continued interest of international investors in the Greek hospitality sector, particularly in high-quality hospitality assets located in established destinations such as Santorini.
Commenting on the transaction, the firm noted that the successful completion of the deal reflects the growing attractiveness of Greece as a destination for international hospitality investment and underscores the importance of experienced legal counsel in managing complex cross-border transactions.
C. Pelekis Law Firm has extensive experience advising international investors, private equity funds, family offices and hospitality groups on mergers and acquisitions, real estate investments, corporate transactions and financing matters across Greece.
