Silversands Mykonos signs for a Bond Loan Facility with Piraeus Bank S.A.
December 15, 2023ORA Developers is to set new benchmarks in hospitality in Mykonos, Greece with the development of the luxurious 5-star Silversands Hotel. The 41,780 sqm hotel, boasting 93 rooms, is now eligible for a Bond Loan Facility of up to Euro 111.7 million, which will be provided by Piraeus Bank S.A as the exclusive lender of the hotel. This facility aims to finance a part of the hotel’s design, development, and construction costs, with a lifetime of up to 12 years. Our dedication to excellence is fuelled by our guests, continually inspiring us to elevate each project.
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NEWS UPDATE / June 22, 2024
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