The Blackstone Group

Blackstone to buy five hotels in Greek islands

Blackstone Real Estate Partners Europe, a unit of US private equity firm Blackstone Group, agreed to buy five hotels in Greece from Louis Group in a deal valued at 178.6 million euros (197 million dollars), the firm said on Friday. 

Greece has seen an upsurge in tourism in recent years. A record number of about 33 million visited year. 

Blackstone to launch hotel buying spree

US investment fund Blackstone is set to carry out investments of 500 million euros in Greek hotel properties, starting in the next few days.

According to sources, the first acquisition in its Greek portfolio will concern units of a hotel chain with a significant presence in the Ionian and Aegean islands, in a transaction that is expected to come to almost 200 million euros.

Turkey dollar bonds suffer fresh losses over US sanctions fears

Turkey's dollar-denominated government bonds came under further pressure on Monday amid rising concerns that Washington could slap sanctions on Ankara over its purchase of a Russian air defence system.

The 2041 bond fell 1.23 cents in the dollar to 83.44 cents, suffering its seventh straight day of losses and hitting the lowest level since June 20, according to Refinitiv data.