Highgate and Eternam Acquire Zafolia Hotel Athens

Highgate and Eternam's Alcyon Hospitality Europe fund have completed the acquisition of Zafolia Hotel Athens, a 191-room establishment located in Athens, Greece. The transaction, with an estimated closing date in September 2026, strengthens the footprint of both investors in the European hotel market.

Transaction data: total price, undisclosed · price per room, not reported · price per square metre, not reported · 191 rooms.

Parties: buyer, Highgate and Eternam's Alcyon Hospitality Europe fund · seller, undisclosed.

Analysis: The acquisition of Zafolia Hotel Athens by Highgate and Eternam highlights investor interest in the Athens hotel market. The asset's location in the Greek capital positions it within a submarket supported by consolidated tourism demand, although undisclosed financial terms prevent a deeper assessment of its pricing positioning relative to the local compset.