Your Next Greek Vacation Could Be at a Goldman Sachs-Owned Hotel

goldman sachs Group Inc. has landed in an unexpected place in its quest for stable revenue. It is the epicenter of the financial crisis that rocked Europe ten years ago.

The Wall Street giant is investing around €150 million to €200 million (about $163 million to $218 million) in three seaside resorts in northern Greece, according to people familiar with the matter. . The plan is to refurbish the currently closed hotel and open it up to guests in the next few years. Goldman said he bought the hotel in October and is financing the renovation. The bank is looking for more properties in Greece and elsewhere and is developing a brand that can be used to integrate them, according to people familiar with the bank’s plans.