GREECE LUXURY PROPERTIES RENTALS
The company G.P. KANELLOPOULOS & SIA EE with the distinctive title Greece Luxury Properties Rentals is active in the field of short-term rentals of luxury furnished properties in Greece. By March 2018 the company is managing over 200 furnished properties which are consisted of apartments, houses and villas in the following areas:
• Athens and the wider area of Attica, where about 70% of our properties are located.
Our company has the exclusive management of 95% of all the properties we manage.
The above properties are owned either by Georgios Kanellopoulos and Andreas Zoiopoulos or are long-term leased to the company or the company has a management contract with their owners for short-term rentals. The company also has privately-owned SUVs, and minivans in order to provide transport to their guests.
The company was founded in 2014 after four years of exclusive engagement of the partners in the field of short-term rentals of furnished properties in the tourism sector. The founders began their business in 2010 with the management of their own properties and the long-term lease of unique properties in the best areas of Athens and Mykonos. This beginning coincided in a very difficult time for our country with the economic crisis, especially in the Athens area where the riots, disasters and daily demonstrations in the center of Athens dominated. This resulted in the deterioration of Athens as a tourist destination. These two factors, the economic crisis and the downgrading of Athens center resulted in the shutdown of the 40% of the hotels in Athens. This was an opportunity and the two partners took advantage of it to fill the vacancy of the touristic accommodation with a new product that had just begun to appear in Athens.
The comparative advantage of the company with the competition is that the two partners were pioneers in this field. They were the first to deal with the short-term rentals in an organized way in Athens center as well as in the suburbs. Because of the many years of expertise with this segment of tourism, a significant know-how and experience was gained after thousands of reservations and thousands of satisfied customers. The company is known as GEORGE in the online vacation rentals channels such as Airbnb, Homeaway, Trip Advisor, Booking, etc. and it has hundreds to thousands of reviews from visitors to each of the aforementioned channels, which strengthens its reputation and credibility every day. Furthermore, the growth of the company was boosted by the significant increase of the incoming Tourism that has been observed since 2013.
The company today is a totally healthy business, robust economically with zero debt. The company operates exclusively with its own equity and invests the last years from 50,000 – 100,000 euros per year for growth, new acquisitions, infrastructure and human resources. The investments are focused on the rental and renovation of special – privileged properties mainly in the areas of the historical center of Athens, the southern suburbs of Athens and Mykonos.
The aim of the company is to continue its investment program with the ultimate goal of strengthening and dominating the Greek market. The company in 2017 made about 3000 bookings, 50% more than in 2016.
The two partners are founding members of the newly established Association of Furnished Apartments – Residences across Greece and George Kanellopoulos is Chairman of the Interim Management Committee. This association was established with a view to preserving and defending the rights of professionals and individuals in the area.