Thomas Cook has secured €40 million funding for investment in its own-brand hotel portfolio in the Mediterranean.
Cook partnered with Swiss investment firm LMEY to set up joint venture Thomas Cook Hotel Investments earlier this year.
The funds, following a first round of debt financing, will be provided by Greece’s largest bank, Piraeus.
Cook will invest the proceeds in properties across its “key” Mediterranean sun and beach markets, with this round of funding focusing on the Greek islands.
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