Rainbow Tours to build hotels in Greece

Polish travel agency Rainbow Tours is planning to construct its own hotels in Greece, Parkiet daily reported. Previously, the company informed that in a few years several places in major tourism destinations are to be purchased or leased long-term . "Building a high class five-star hotel is an expenditure of €8-10 million," Grzegorz Baszczyński, CEO at Rainbow Tours told the daily. However, he did not give any details regarding possible investments. In May, the agency signed a preliminary deal to acquire Greek company K.G. Athanasopoulos - I. Sklivas which is the owner of the President hotel on Zakynthos island. At first, Rainbow Tours plans to renovate the hotel with plans to build spa in the near future. Rainbow Tours has been listed on the Warsaw bourse since 2007.