This project provides financing to Phaiax S.A. to support the refurbishment, upgrade, and expansion of existing hotels, and to contribute to balance sheet restructuring. This is a sub-project under the EBRD's "Inclusive Tourism Framework for the Eastern Mediterranean".
Phaiax SA is a market leader in the Greek hospitality industry owning a diversified portfolio of hotels and resorts in strategically located tourist destinations. Phaiax is majority owned and controlled by the N. Daskalantonakis Group of companies which has been active in the Greek tourism business for over 40 years, best known through the Grecotel brand.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
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George Gyparakis, Consultant to the Management
+30 210 3743600
64B Kifissias Ave., 15125, Marousi, Athens, Greece
ACCOUNTABILITY MECHANISM OF EBRD
The Project Complaint Mechanism (PCM) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an European Bank for Reconstruction and Development (EBRD)-financed project. If you submit a complaint to the PCM, it may assess compliance with EBRD's own policies and procedures to prevent harm to the environment or communities or it may assist you in resolving the problem that led to the complaint through a dialogue with those implementing the project. Additionally, the PCM has the authority to recommend a project be suspended in the event that harm is imminent. You can contact the PCM at email@example.com or you can submit a complaint online using an online form, http://www.ebrd.com/eform/pcm/complaint_form?language=en. You can learn more about the PCM and how to file a complaint at http://www.ebrd.com/work-with-us/project-finance/project-complaint-mechanism.html.