Mint Property SA, one of the oldest and largest Greek short-term property management companies, has been acquired by the international hospitality company Sanders Group, based in Denmark and present in many European countries.
With this acquisition, Sanders is taking a decisive step towards strengthening its presence in the Greek market, confirming its commitment to long-term investment in the country, according to the relevant announcement.
“Greece is a strategically important destination for us, not only because of its tourism potential, but also because it offers the opportunity to build an international hospitality model that combines Scandinavian organization with Greek quality of life. Mint is now an integral part of the Sanders family, and we are excited about the steps we will take together,” said Bo Sander, founder and CEO of the Sanders Group.
For his part, Nasos Gavalas, CEO of Mint and now Managing Director of Sanders for Greece and Cyprus, notes, “The acquisition of Mint by an international group such as Sanders clearly shows that the short-term rental sector in Greece has matured and is now attracting strategic investors. For us, it was vindication, but it also paves the way for new synergies. We are already in talks with companies that see the potential of this new reality and are considering joining the Sanders umbrella. Our ambition is to build a strong network of companies that share the same philosophy, the same commitment to quality and the same vision for the industry.”
Sanders plans to add hundreds of new properties across the country to its portfolio, with a particular focus on popular destinations such as Athens, Thessaloniki, Paros, and other areas. The goal is to turn Greece into a hub for travelers, mainly from Scandinavian countries, who are looking for quality, consistency, and a modern accommodation experience.
