Mr. Patrick Saada

Mr. Patrick Saada

Mr. Patrick Saada

Leading Real Estate Developer in the Hotel & Hospitality Industry in Athens

Bohopo – Shaping the Future of Boutique Hospitality in Europe

At Bohopo, we buy buildings other people have written off. Underutilized city-center properties — an old office block, a tired residential building, something with good bones and a bad use — and we retrofit them into boutique hotels of twenty to fifty rooms. I chair the firm and set the direction on where we deploy capital and what we build, and the thesis is simple: city centers in Europe are full of small, structurally sound buildings that are worth more as hospitality than as whatever they currently are. We’re not building new; we’re not building big.

We now have ten assets across four countries — Greece, Belgium, Italy, Portugal — five of them open and running in Athens, Brussels, Milan, and Porto, four more in development, one under acquisition. That’s 314 rooms operating today. Over the next two to four years I expect us to be running something closer to 650 to 700. The model scales because the underlying opportunity — underused city-center real estate — hasn’t run out.