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"Attica Hospitality" for small and medium-sized hotel businesses | TheGreekDeal.com
Attica Bank
"Attica Hospitality" for small and medium-sized hotel businesses
Attica Bank offers a new comprehensive package of financial products, the "Attica Hospitality," designed for the country's hotel businesses.
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Attica Bank, Chief Executive Officer, Eleni Vrettou

Attica Bank offers a new comprehensive package of financial products, the "Attica Hospitality," designed for the country's hotel businesses.

This initiative by Attica Bank actively supports small and medium-sized enterprises, specifically addressing the dynamic and growing hotel sector.

Specifically, the new series "Attica Hospitality" offers specialized financial products, including short-term and medium- to long-term loans designed to cover the diverse needs of each small and medium-sized hotel business with competitive interest rates.

The approval process is prompt, taking up to 15 days from the complete submission of the required documents. Additionally, the package includes extra solutions, such as the insurance product "Hospital Services," and other facilities with competitive pricing.

The "Attica Hospitality" consists of three individual financial tools: [Provide the names or details of the three financial tools if available: 

  • Attica Operate: Enhances the liquidity of the hotel business to cover current expenses, such as maintenance costs, consumable room equipment, linens, tourism season preparation expenses, food, consumables, insurance contributions, and utility expenses coverage (energy, water, telecommunications). The funding amount can go up to €300,000 through a short-term term loan with a competitive interest rate. The repayment period is 9 months, with the option of extension to annual repayment for city hotels.

  • Attica Develop: Covers investment needs of the hotel business, including purchasing/upgrading fixed equipment, partial renovation of the professional premises, adding new offered services to the hotel business, etc., with funding up to €200,000 through term loans and leasing products with competitive interest rates. The maximum loan duration is three years with the possibility of a grace period of 9 months.

  • Attica Sustain: The "green" product of Attica Hospitality that covers the investment needs of the hotel business regarding compliance with ESG criteria and energy upgrading. Indicatively, financed activities include the purchase and installation of photovoltaic systems for self-consumption and energy net-metering, replacement of windows with new high-energy efficiency ones, replacement/installation of insulation, upgrade of the cooling system with smart control systems, upgrade of the hot water system using RES, and other energy-saving interventions (smart home). The funding amount reaches up to €200,000 through term loans and leasing products with a competitive interest rate. The maximum program duration is three years with the possibility of a grace period of 9 months.

In collaboration with Interamerican, Attica Bancassurance offers the product "Hospital Services" at a particularly competitive price, providing coverage such as:

    1. Emergency air transport
    2. 24/7 telephone medical advice in five languages
    3. Repatriation organization for all incidents
    4. Responsible medical direction and support for all Covid-19-related issues.
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