Invel Real Estate JV buys five-star hotel in Greece, launches new fund

Invel Real Estate and Prodea Investments have acquired White Coast Pool Suites, a five-star luxury hotel on the Greek island of Milos.

The hotel, located near Sarakiniko beach, has 30 suites, each offering a private pool and uninterrupted sea view. Invel and Prodea will invest capital to expand the hotel, transforming it into one of the leading private-pool hotels in the Aegean while preserving the natural beauty of the Cycladic landscape.

Currently branded as Small Luxury Hotels of the World, the property will be operated by Domes Resorts, an award-winning luxury hotel operator.

The hotel is being acquired by Prodea Investments (49 percent) and Invel Real Estate (51 percent) through its discretionary fund Invel Eudora Fund 1LP (Eudora 1).

Eudora 1 was launched in June 2021 and, following the acquisitions of White Coast Pool Suites and Hotel Bellevue in Cortina d’Ampezzo in 2022, is now fully invested. Invel is now embarking on the launch of Invel Eudor