Grivalia: Investments Shaping the Future of Greek Tourism

Strategically focused on delivering high added value, Grivalia remains under the leadership of Giorgos Chrysikou and Natalia Stravti. Established in the ultra-luxury hospitality sector, this investment and asset management company specializes in developing and operating international-standard hotel units. In this context, Grivalia Hospitality is advancing to its second phase of investments, having completed an initial investment cycle with nine hotel property acquisitions, the development of six ultra-luxury units, four projects totaling €350 million, and over 450 hotel keys. Partnerships with top-tier international and local brands such as Aman, One & Only, Six Senses, and Domes Resorts are also part of their portfolio. The strategic approach has yielded measurable results, with Grivalia’s valuation increasing to €1 billion over the past seven years. Key assets include One & Only Aesthesis in Glyfada, Amanzoe in Porto Heli, ON Residence in Thessaloniki, Avant Mar in Paros, and 91 Athens Riviera in Voula. These investments are pivotal for upgrading the Greek tourism product, attracting high-income tourists, and boosting average visitor spending. Grivalia’s management team comprises experienced professionals specialized in real estate and hospitality. As of January 1st, Giorgos Chrysikou assumed the role of Executive Chairman, while Natalia Stravti took on the position of Managing Advisor. The primary shareholder, Prim Watsa, expressed optimism about the future of Greek tourism in a recent letter to shareholders. Bart van de Winkel, a seasoned expert in luxury hospitality, became Chief Asset Management Officer in 2024, overseeing all operational units. To expand its activities, Grivalia established Grivalia Development, led by Panos Panagiotidis, who brings extensive experience in commercial and hotel property development. Leveraging accumulated expertise in ultra-luxury tourism and complex developments, Grivalia Development supports the overall planning of the Grivalia Hospitality group and offers specialized development and management services to third parties across the real estate and hospitality markets.