London-based CBE Capital has secured a senior bond loan facility for its club-deal investment into a new Six Senses hotel and branded residences.
The 95million EUR loan from Piraeus Bank in Athens will be put to use for the development of a new property in Porto Heli on the Greek mainland. The EUR 150m development, which is already being enlarged by the purchase of additional adjacent land, is equity-financed by a joint venture between CBE Capital, Golden Land Goutos, New York-based Taconic Capital Advisors and London-based Cedar Capital Partners.
Opening in 2026 and located in two private bays in the municipality of Ermioni, Six Senses Porto Heli is set to comprise 60 hotel suites and twelve branded residences.
Woven into the topography of the site so that the buildings and land become one, the hotel will rise from the shore to maximise sea views, from the large infinity pool and spa on the lower level, to the rooms split across two levels and up to the lobby and reception. The residential villas flank the hotel and back onto a natural park to ensure privacy and seclusion. This cascade effect, conceived by Rome-based firm Delogu Architecture and Arch Group from Athens, reflects a relationship with nature, with buildings bridging the forest and the sea.
Design elements are contemporary and natural, from stone walls to limestone flooring, wooden structures and bronze finishes. The local surroundings also inspire the colour palette and interior design by Muza Lab London, emphasising light and shadow play throughout.
“Our Greek debt transaction bucks a trend in the Eurozone, and the US,” says Geza Toth-Feher, Managing Partner of CBE Capital. “It shows that high quality transactions, despite difficult market conditions, can still be financed. We are looking forward to working with Piraeus Bank on the financing for the Six Senses Porto Heli.”
Mr Theodore Tzouros, Executive General Manager, Chief Corporate & Investment Banking of Piraeus Bank, adds: “The financing of this project is in line with Piraeus Bank’s long-term strategy and commitment to support new investments in the hospitality sector that contribute decisively to Greek economic growth. At Piraeus Bank we are proud to financially support the development of the first Six Senses resort in Greece.”
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