Happy Holidays S.A. is going to develop in GREECE (Sarti Village, Chalkidiki Area), a luxury integrated resort in the land plot of 120.900 m2. The tourism complex will be consisted of (2) hotels 5* (134 Rooms & 24 Suites), 70 luxury apartments, yacht shelter 20 berths, 65 residences units, additional facilities to be developed during 2021-2024 with a total cost of 30M€.
Ministry of Development & Investments will provide all the permits and licenses needed. Therefore, the Company has issued an Investment Offer to potential Investors by equity/debt partnership. Upon completion in 2024, the project will be expanded to a final amount of 50M€. The project of 50M€ is already a part of Enterprise Greece and EIPP* portfolio.
An International Hotel Brand will be selected to ensure smooth operation of the project and international positioning. According to the business plan projections (10 years), the financial indicators will be formed to: EBITDA 42,1%, IRR 27,9%, ROI 32,6%, LTV 27,2% and NPV 8,4M€. The Project Funding: Company 9M€ + State Grants 3M€ + Project Loan 18M€ = Total 30M€.
The investment is considered profitable to investors because of destination, the new marina potential, the real estate development, the level of luxury, the green infrastructure certified buildings, the high quality certified serviced, the sufficient infrastructures, the sense of exclusiveness and the expansion of the project to the total amount of 50M€.
The Company is looking now for potential Investors to provide 12M€ by debt financing to complete the Company’s 9M€ participation and the State 3M€ grants (cashed upon completion).The Project Loan of 18M€ will be ensured by Bank & EU Recovery Fund as well. The project is considered profitable to potential Investors by proven financial arguments.
*EU-EIPP =European Investment Project Portal: INVESTMENT PROJECT EIPP-20170279
Integrated Upscale Resort Our main effort shall be to create an Integrated Tourist Complex characterized both by the quality of the facilities and infrastructure and high standard services.
Residences Complex The holiday homes contribute to enriches the tourist product, increases its duration of operation (12-month) and provides increased liquidity in the company.
Marina & Sea Tourism It will promote marine tourism and water sports, explorations in the seabed of the area and of course comprehensive hospitality for vessels and crews.
Environmentally Friendly Project Friendly environmental policy, both in construction and operation. Certification of investment as environmentally friendly is a strong branding creation.
Alternative Tourism Alternative forms of tourism could be successfully developed such as wellness, medical, adventure, silver, sea sports, gastronomy and eco-tourism.
Management of the Company Management team made up of qualified and experienced executives that will organize and control the operation of the company and of each project separately.
Project Management & Hotel Operations Selection of renowned international companies for the investment parts of manufacturing, operating (operation), sales and marketing (Branding).
Hiring & Training of the Personnel An important factor is its human resources. The excellent and continuous staff training is one of the basic priorities of our company.
Certify the Services and the Project One of the tools that help investment in achieving its vision is certification by international quality services organizations.
New methods of Sales & Marketing New methods in sales and marketing is necessary in a modern competitive for destination and financial result (prices, completeness, new products, etc).
Expand to the New Markets Fierce competition and changes in the global economy lead to the need to attract new markets in the tourist product, matching the investment characteristics.
Mr. George Iosifidis is the Happy Holidays S.A. Chairman & Chief Executive Officer, responsible for leading the Company’s overall strategy across its business lines. Mr. George Iosifidis has served as Chief Financial Officer in the Greek Army (Colonel) for more than 28 years. Mr. George Iosifidis holds a Bachelor’s degree in Finance from the Aristotle University of Thessaloniki and Master’s degree in Strategic Analysis. He speaks Greek, English and German.
Mr. Stefanos Iosifidis is the Happy Holidays S.A Chief Operating Officer, responsible for leading the Company’s overall strategy across its operational lines. Mr. Stefanos Iosifidis has served in several 5 star hotels in Greece and Cyprus. Mr. Stefanos Iosifidis holds a Bachelor’s degree in International Hotel Management from the Les Roches School Switzerland and Business Administration in Food & Beverage from the same school. He speaks Greek and English.
Mr. Nikos Zafiriou is the Happy Holidays S.A. Chief Financial Officer, responsible for leading the Company’s overall strategy across the financial lies. Mr. Nikos Zafiriou has served in several companies in Greece as head accountant. Mr. Nikos Zafiriou holds Bachelor’s degree of Economics from the University of Macedonia, Master’s degree of International Economic Relations and Business Accounting from the same University. He speaks Greek and English.
Mr. Antonis Sarapchanas is the Happy Holidays S.A Food & Beverage Manager, responsible for leading the Company’s overall strategy across its F&B lines. Mr. Antonis Sarapchanas has served as F&B expert in several trade, tourism and food chains companies in Greece and Cyprus. Mr. Antonis Sarapchanas holds a Bachelor’s degree in Industrial Business Administration from the Aristotle University of Thessaloniki. He speaks Greek and English.