Another confirmation from MONEY & TOURISM comes from London, as Zetland Capital Partners LLP announced the sale of Lindian Village, Curio Collection by Hilton to the Greek Domes Group.
In August, the “Detective” column reported: “Lindian Village, one of the most iconic resorts in South Rhodes, is being transferred from the British fund Zetland Capital to Domes Resorts, owned by George Spanou, as some details remain to be finalized in the transaction. A takeover, exclusively publicized by Χ&Τ, with substance and depth, as it is part of a broader map of strategic moves aimed at repositioning and upgrading high-potential units. It’s worth noting that it recently acquired the historic Xenia Ouranoupoli, confirming that Domes doesn’t just invest — it builds the future. Rhodes is the next chapter, and Lindian Village is an ideal canvas to capture the imprint of the new era of hospitality.”
The resort, located on Rhodes’ blue-flag coastline, comprises 188 luxury rooms and suites. Since its acquisition in February 2022, the property has been fully repositioned through a comprehensive renovation and conversion into a Hilton Curio Collection resort. Under Zetland’s ownership, Lindian Village also participated in local environmental initiatives, including “Bee Revived”, which restored 19 beehives
following the island’s 2023 wildfires.
Ahmed Hamdani, Managing Partner of Zetland Capital Partners LLP, said: “Lindian Village marked one of our first post-COVID investments in the Mediterranean resort sector. We’re proud of the transformation achieved and of our collaboration with the Rhodes community. This exit allows us to redeploy capital into new value-add opportunities. We wish Domes every success with the next chapter of Lindian Village”.
Dr. George Spanos, CEO of Domes, said: “We are delighted to have worked with Zetland in this strategic transaction. Lindian Village is a prime waterfront property, featuring spacious rooms and suites, laid across lush gardens in the traditional style of a Greek village, perfectly aligned with Domes’ core product values and high standards. With this acquisition, Domes enters the renowned hospitality market of Rhodes — one of Greece’s most iconic and internationally celebrated destinations — and establishes a footprint in another major Mediterranean island. The resort’s exceptional beachfront location and close proximity to the historic town of Lindos make it an exciting addition to our portfolio”.
Advisers to Zetland and the company included Argenta Corporate Finance, Ashurst, KBA Law, Blackhawk, McBains, HVS, and JLL. The transaction is subject to customary conditions and is expected to complete before year-end.
