Real Estate · Hospitality Assets

Hotels & Hospitality.

Acquisition, licensing, management agreements and sale of hotel assets. Airbnb and short-term rental regulation, for owners, operators and investors across Greece.

All of GreeceCoverage
20+Years Experience
Islands to MainlandReach
4Languages
Real Hotel & Hospitality Transaction Experience
Direct experience on the ground with boutique hotel acquisitions and hospitality asset transactions across Greece, from due diligence through to closing.
Airbnb & Short-Term Rental Regulatory Expertise
Up-to-date knowledge of Greece's fast-evolving short-term rental framework — registration, tax compliance and the tightening rules in Athens and the islands.
Multilingual Service for International Investors
Service in English, Greek and Italian for international hotel operators and investors acquiring or developing hospitality assets in Greece.
Full-Service Capability
From acquisition and licensing through management agreement structuring and ongoing regulatory compliance, handled under a single instruction.
Acquiring, licensing or developing a hotel property?
Tell us about the property, its current licensing status and what you're trying to achieve. We'll tell you what needs to be in place before you proceed.
Request Consultation
Overview Scope of Service Process Why Us FAQs

Hotels & Hospitality

Hospitality assets
carry their own legal track.

Greece's hospitality sector is a distinct legal environment within real estate, not a variant of a standard property transaction. A hotel is a regulated operating business attached to a piece of real estate: it needs an operating licence issued under the Greek National Tourism Organisation (EOT) framework, it typically employs staff whose contracts follow their own transfer rules under Greek labour law, and it often sits inside a management or franchise agreement with an international brand that survives — or complicates — a change of ownership. Buying, selling or developing a hotel means addressing all of these layers at once, not just the title to the land. A hotel lawyer in Greece establishes the correct classification first, since it determines the entire licensing path.

Due diligence on a hotel asset goes well beyond title and encumbrances. A proper review verifies the property's licensing status and category classification, checks whether the operating licence is current and transferable, examines any existing management or franchise agreement for change-of-control and termination provisions, and assesses the employment position of hotel staff who may transfer with the business under Greek transfer-of-undertakings rules. Missing any one of these can turn what looked like a straightforward acquisition into a licensing gap or an unplanned employment liability after closing.

A hotel transaction is a real estate deal, an operating licence, an employment question and often a brand contract, all at once — treating it as only the first of those is where acquisitions go wrong. Management and franchise agreements bring a hotel lawyer in Greece into commercial negotiation as well as licensing.

The short-term rental picture has shifted quickly and continues to move. Airbnb and short-term letting in Greece are now subject to registration and tax compliance requirements that have tightened materially in recent years, particularly in central Athens and popular island destinations where local authorities have introduced additional restrictions on new short-term rental registrations. Owners and operators who built a rental strategy around the rules of a few years ago need to check it still holds — and those structuring a hotel or serviced-apartment project alongside a short-term rental component need the two regimes to work together from the outset, not be reconciled after the fact. Tell us the property and intended operation and we will map the licences.

Its own track
Hotel licensing has its own regulatory track
EOT operating licences and category classifications follow a distinct process from standard property registration — an unlicensed or misclassified hotel is not simply a paperwork gap.
Get the terms right
Management agreements need careful structuring
Owner-operator arrangements and international brand management contracts allocate control, revenue and termination rights in ways that shape the asset's value long after signing.
Moving target
Airbnb regulation keeps changing
Registration and tax rules for short-term rentals have tightened in Athens and the islands, and a compliant strategy from a few years ago may no longer hold today.
Separate regime
Employee transfers follow their own rules
Hotel staff may transfer automatically with a change of ownership under Greek labour law, carrying obligations a purchase agreement needs to address directly.

Scope of Service

From acquisition
to licensed, operating asset.

Hotel Acquisition & Due Diligence
Title, licensing status, category classification, existing management or franchise agreements and employee transfer exposure, reviewed before you commit to a hotel purchase.
AcquisitionDue DiligenceTitle
Core service →
01
Hotel Operating Licences
Securing and transferring EOT operating licences and category classifications, and resolving licensing gaps uncovered during acquisition or before a planned sale.
EOT LicensingClassificationCompliance
Core service →
02
Management & Franchise Agreements
Structuring and negotiating owner-operator arrangements and international hotel brand management or franchise contracts, with attention to control, revenue and termination terms.
ManagementFranchiseBrand Contracts
Core service →
03
Airbnb & Short-Term Rental Compliance
Registration, tax compliance and structuring for short-term rental portfolios under Greece's tightened rules, including the additional restrictions now in force in Athens and on certain islands.
AirbnbRegistrationTax Compliance
Core service →
04
Hotel Sale & Disposition
Structuring and executing the sale of hotel and hospitality assets, including buyer due diligence management and coordination around any existing management or franchise agreement.
DispositionSaleExit Strategy
Core service →
05
Resort & Hospitality Development
Structuring ground-up resort and hospitality development projects, from land acquisition and permitting through construction contracts and pre-opening licensing.
DevelopmentResortsPermitting
Core service →
06

How We Work

A process built around the asset and its licence.

STEP 01
Due Diligence & Licensing Review
Verifying title, licensing status, category classification and any existing management, franchise or short-term rental arrangement attached to the property.
STEP 02
Structuring & Negotiation
Structuring the acquisition, management agreement or development plan and negotiating terms with sellers, operators or brand partners.
STEP 03
Documentation & Closing
Drafting and finalising purchase agreements, management contracts and licensing filings, and coordinating closing with all parties involved.
STEP 04
Post-Acquisition & Ongoing Compliance
Handling licence transfers, employee transition matters and ongoing Airbnb or short-term rental compliance as the regulatory framework continues to evolve.

Why Pantazis & Associates

Counsel who has actually
closed hotel transactions.

Current · Regulatory
Up-to-date Airbnb and short-term rental regulatory knowledge
Greece's short-term rental rules have tightened significantly and keep moving. We track the current registration, tax and local-restriction requirements as they change.
Multilingual · International
Multilingual service for international hotel investors and operators
Service in English, Greek and Italian for non-EU and EU buyers, operators and brand partners acquiring or managing hospitality assets in Greece.
Full-Service · Single Instruction
Full-service capability from acquisition through operation
Acquisition, licensing, management agreement structuring and ongoing compliance handled together, without passing the matter between separate advisers.

Frequently Asked Questions

Questions about hotels & hospitality.

What licenses does a hotel need to operate legally in Greece?+

Every hotel operating in Greece needs an operating licence issued under the framework administered by the Greek National Tourism Organisation (EOT), along with a category classification (typically expressed in stars or keys) that determines the standards the property must meet. Depending on the property, additional permits may be required covering food and beverage service, health and safety, swimming pools and fire safety. The licence and classification are tied to the specific property and its physical characteristics, and operating without a valid, current licence exposes the operator to fines and potential closure. We verify licensing status as a first step in any hotel transaction and handle new applications, renewals and transfers directly.

What should I check before buying an existing hotel property?+

Beyond standard title and encumbrance checks, a hotel acquisition requires verifying that the operating licence is current, correctly classified and transferable to a new owner, and examining any existing management or franchise agreement for change-of-control provisions that could survive or complicate the sale. You also need to assess the employment position of hotel staff, who may transfer automatically to the new owner under Greek transfer-of-undertakings rules, along with any accrued employment liabilities. We run this diligence as a coordinated process rather than treating the licensing, employment and contractual questions as separate afterthoughts.

How do international hotel management/franchise agreements typically work in Greece?+

Most international hotel brands operate in Greece under either a management agreement, where the owner retains the asset and the brand operator runs the hotel for a fee and often a share of profit, or a franchise agreement, where the owner operates the hotel independently under the brand's standards and systems. These contracts allocate operational control, revenue distribution, capital expenditure obligations and termination rights in ways that materially affect the asset's value and flexibility, and they typically run for long terms with renewal and exit provisions that need careful review before signing or before acquiring a property already subject to one. We negotiate and review these agreements from the owner's side, with particular attention to termination and change-of-control clauses.

What are the current rules for renting out property on Airbnb in Greece?+

Short-term rental in Greece requires registration with the tax authorities and compliance with specific tax treatment for short-term letting income, and the rules have tightened considerably in recent years. Central Athens and several popular island destinations have introduced additional local restrictions, including limits on new short-term rental registrations in certain areas, in response to housing-availability pressure. The framework continues to evolve, and a compliance approach that was correct a few years ago may no longer be sufficient today. We review current registration and tax status for existing short-term rental portfolios and structure new acquisitions with the current rules in mind.

Can you help structure a resort development project from the ground up?+

Yes. Ground-up resort and hospitality development involves land acquisition, zoning and permitting, construction and infrastructure contracts, and pre-opening licensing, all of which need to be sequenced correctly to avoid delays. We advise on land acquisition structuring, coordinate with the permitting process, review construction and development contracts, and handle the operating licence application so the property is positioned to open compliant on day one, whether it will be independently operated or run under an international brand.

Do you act for hotels on the islands?+

Yes. Island hospitality is a core part of this practice — hotels, villa complexes and short-term rental portfolios on Crete, Mykonos, Santorini and Corfu. Seasonal operation, classification and short-term rental registration raise issues that mainland city hotels rarely encounter.

Acquiring or developing a hotel property?
Let's talk about your project.

A confidential conversation about your hotel or hospitality asset, its licensing status, and what needs to be in place before you proceed.