Themis Trakas

Education

MBA Accounting US GAAP, CUNY Baruch College, New York, New York, 2002
B.Sc. School of Hotel Administration, Cornell University, Ithaca, New York, 1995
Diploma in Hotel Management, I.H.T.T.I., Neuchatel, Switzerland, 1992
Certificate in Hotel Operations, Alpine Center, Athens, Greece, 1991

Experience

Twenty-year professional experience in the hospitality industry holding key management positions in 4-star and 5-star hotel properties in the U.S. and Greece. Positions held include Financial Controller, Internal Controller, F&B Controller, and Staff Accountant.

Hotels Appraised

RIU Cypria Bay Hotel, Cyprus
RIU Cypria Maris Hotel, Cyprus
Cyprotel Laura Beach Hotel, Cyprus
LUCA Florida Beach Hotel, Cyprus
LUCA Faliraki Beach Hotel, Rhodes, Greece
Gerakina Beach Hotel, Chalkidiki, Greece
Robinson Club Daidalos, Kos, Greece
Grand Resost Lagonissi, Athens, Greece
Proposed Lavender Bay Golf Resort, Magnesia, Greece
Proposed Sitia Bay Golf Resort, Sitia, Crete, Greece
Proposed Scorpio Bay Resort, Scroponeri, Viotia, Greece
Proposed Plaka Bay Resort, Sitia, Crete, Greece
Proposed San Stefano Hotel, Corfu, Greece
Proposed Corfu Gardens Resort, Corfu, Greece
Proposed Hotel, Lesvos, Greece
Proposed Hotel, Olympia, Peloponnese, Greece
Proposed Mixed Use Hotel, Jerma, Malta
Budget Hotel and Tourism Industry Report, Morocco
Proposed Hotel, Porto Heli, Argolida, Greece
Proposed Aman Hotel, Kranidi, Argolida, Greece
Proposed GHM Hotel, Kilada, Argolida, Greece
Proposed Hotel, Elounda, Lassithi, Crete, Greece
Proposed Cape St. John Resort, Lassithi, Crete, Greece
Proposed Hotel, Amaliada, Peloponnese, Greece
Proposed Mixed-Use Resort, Belek, Antalya, Turkey
Proposed Hotel, Guelluk, Bodrum, Turkey
Proposed Hotel, Santorini, Greece
Proposed Mixed-Use Resort Development, Messinia, Greece
Valuation of Athens InterContinental Hotel
Proposed Porto Neri Resort, Scroponeri, Viotia, Greece
Feasibility Study, Upgraded Elatos Resort & Health Club, Fokida, Greece
Proposed Razlog Village Resort, Razlog, Bulgaria
Projections Update-Proposed Ritz-Carlton Hotel, Herzliya, Israel
Proposed Hotel, Belgrade, Serbia
HBU Analysis, Blue Sun Hotels and Resorts, Croatia
Feasiblity Study, Blue Sun Hotel Elaphusa, Brac Island, Croatia
Feasibility Study, Blue Sun Hotel Soline, Brela, Croatia
Feasibility Study, Blue Sun Hotel Alga, Tucepi, Croatia
Feasibility Study, Blue Sun Hotel Afrodita, Tucepi, Croatia
Residual Land Valuation, Proposed Mixed-Use Resort Development, Elounda, Crete
Proposed Resort Hotel, Mauritius
Valuation of Aldemar Rhodes Resort, Rhodes, Greece
Valuation of Aldemar Resort, Peloponnese, Greece
Valuation of Aldemar Resorts, Crete, Greece
Valuation of NH Hotel, Frankfurt Airport, Germany
Valuation of Crowne Plaza Athens City Centre, Athens, Greece
Valuation of Holiday Inn Attica Road, Athens Greece
Valuation of Holiday Suites, Athens, Greece
Feasibility Study, Domes of Elounda All Suites & Villas Resort & Spa, Plaka, Crete
Projections of Income and Expense Report, Tsimaras Hotels, Greece
Budget Review of Aldemar Rhodes Resort, Rhodes, Greece
Feasibility Study, Proposed Hotel, Kifisia, Greece
Valuation of Pelagos Suites Resort, Kos, Greece
Set up of Accounting Reporting under USALI, Aldemar Rhodes Resort, Rhodes, Greece
Feasibility Study, Proposed Hotel, Kea Island, Cyclades, Greece
Valuation of Sbokos Hotel Group, Greece
Review of 6-month operating performance, Aldemar Resort, Rhodes, Greece
Proposed mixed-use resort, Corsica, France
Valuation of Proposed Yiouli Resort, Porto Cheli, Greece
Valuation of Cyan Group of Hotels, Crete, Greece
Review of 2011 Operating Results, Aldemar Resort, Rhodes, Greece
Update Operating Projections - Proposed Aman Resort at Porto Cheli, Greece
Update Operating Projections - Proposed Livka Bay Resort, Solta Island, Split County, Croatia
Projections of Income and Expense, NH Donnafugata Golf Resort & Spa, Ragusa, Sicily, Italy
Projections of Income and Expense, CastaDiva Resort & Spa, Blevio, Lake Como, Italy
Feasibility Study of Proposed Boutique Hotel, Antigua, West Indies
Operating Projections of Hotel Leon d'Oro, Verona, Italy
Operating and Cash Flow Projections of Aldemar Hotels, Greece
Feasibility Study of Proposed Boutique Hotel, Pozzuoli, Italy
Operating Projections for Helios Hotels, Athens and Crete, Greece
Update Feasibility Study, Proposed Fairmont Quasar, Istanbul, Turkey
Valuation of Sunshine Crete Club, Ierapetra, Crete, Greece
Update Feasibility Study, Proposed Fairmont Corfu Resort, Greece
Feasibility Study, Proposed Ithaca Resort, Ithaca, Greece
Valuation of Aldemar Rhodes Resort, Greece
Overview of Anassa Brand, Cyprus
Feasibility Study, Proposed Hotel, Asteras Glyfadas, Athens, Greece
Test of Asset Value, Proposed Emerald Cove Resort, Antigua
Feasibility Study, Proposed Hotel, Velika, Messinia, Greece
Valuation of Grand Resort Lagonissi, Athens, Greece
Valuation of Elounda Beach Resort, Elounda, Crete, Greece
Valuation of Elounda Bay Palace, Elounda, Crete, Greece
Feasibility Study, Proposed Hotel, Mauritius
Feasibility Study, Proposed Hotels, Milan, Italy
Operations Review, The Met Hotel, Thessaloniki, Greece
Operations Review, Metropolitan Hotel, Athens, Greece
Feasibility Study, Riviera Golf Resort, Cattolica, Italy
Feasibility Study, Proposed Aman Resort, Kea, Cyclades, Greece
Feasibility Study, Proposed Mixed-Use Resort, Afandou, Rhodes, Greece
Operating Projections, Nikki Beach Resort & Spa, Porto Heli, Greece
Feasibility Study, Proposed Hotel, Sofia, Bulgaria
Feasibility Study, Proposed Resort, Rhodes, Greece
Feasibility Study, Proposed Resort, Petrovac, Montenegro
Valuation of Novotel, Athens, Greece
Update Projections, Casta Diva Resort, Blevio, Lake Como, Italy
Valuation of Hapimag Resort, Porto Heli, Greece
Feasibility Study, Proposed Ibis Hotel, Kalamata, Messinia, Greece
Highest and Best Use Analysis, Hilton Athens, Athens, Greece
Feasibility Study, Proposed Mixed-Use Development, Belgrade, Serbia
Valuation of Crowne Plaza and Holiday Inn Athens Airport, Athens, Greece
Valuation of Imperial Riding School Renaissance Hotel, Vienna, Austria
Asset Managemement Reports of select Helios Hotels & Resorts, Greece
Valuation of LaGare Hotels, Milan and Venice, Italy
Budget Preparation, Makedonia Palace Hotel, Greece
Brand Overview, Anassa Resort, Cyprus
Hotel Performance Benchmark Report, Pozzuoli, Italy
Feasibility Study-Proposed Hotels, Old Athens Airport, Greece
Feasibility Study of Proposed Hotel, Glyfada, Athens, Greece
Valuation of Domotel Kastri Hotel, Nea Erythrea, Athens, Greece
Update Feasibility Study of Proposed Resort, Kassiopi, Corfu, Greece
Residual Land Valuation - Porposed Resorts and Residences, Ilia, Greece
Valuation of Aldemar Olympian Village, Ilia, Greece
Residual Land Value of Proposed IHG Resort, Santorini, Greece
Valuation of Domotel Kastri Conference Center, Athens, Greece
Feasibility Study of Proposed Hotel, Tinos, Cyclades, Greece
Valuation of Hotel Cerretani, MGallery by Sofitel, Florence, Italy
Residual Land Valuation of Proposed Resort, East Crete, Greece
Residual Land Valuation of Proposed Resort, Chalkidiki, Greece
Feasibility Study of Proposed Resort, Santorini, Cyclades, Greece
Feasibility Study of three proposed resorts, Corfu, Greece
Concept Assessment and Feasibility Study of Proposed City Hotel, Geneva, Switzerland
Valuation Report of Proposed Boutique Hotel, Florence, Italy
Highest-and-Best Use Analysis of Proposed Development, Nicosia, Cyprus
Feasibility Study of Proposed Resort, Murano, Venice, Italy
Feasibility Study of Proposed Resort, Triopetra, Rethymno, Crete, Greece
Confirmation of Operating Projections, Amanzoe, Porto Heli, Greece
Feasibility Study of Proposed Resort, Kea Island, Cyclades, Greece
Valuation of Hilton Cyprus, Nicosia, Cyprus
Valuation of Aphrodite Hills Resort, Paphos, Cyprus
Valuation of Proposed Aphrodite Springs Resort, Paphos, Cyprus
Feasibility Study of Proposed Resort, Ledas, Iraklio, Crete, Greece
Valuation of portfolio of four Hotels, Corfu, Greece
Feasibility Study of Proposed mixed-use Resort, Varko, Etoloacarnania, Greece
Feasibility Study of Proposed Moxy Hotel, Malaga, Spain
Feasibility Study of Proposed City Hotel, Nicosia, Cyprus
Operating Projections Overview and Brand Assessment, Anassa Resort, Cyprus
Feasibility Study of Proposed City Hotel, Larnaca, Cyprus
Valuation of Imperial Riding School, Marriott Rennnaisance, Vienna, Austria
Valuation of Hotel 'The Landmark', Nicosia, Cyprus
Feasibility Study of Proposed Seaport Hotel, Larnaca, Cyprus
Valuation of Bratsera Hotel, Hydra, Greece
Feasibility Study of Proposed Killada Hills Golf Resort, Killada, Peloponnese, Greece
Residual Land Valuation of Proposed mixed-use Resort, Limassol, Cyprus
Feasibility Study of Proposed mixed-use Resort, Lutra Oreas Elenis, Korinthia, Greece
Operating Projections of City and Resort Hotels, Hellinikon Development, Athens, Greece
Feasibility Study of Proposed dual-branded Hotel, Sesto San Giovanni, Milan, Italy
Feasibility Study of Proposed Hotel, Porta Vittoria, Milan, Italy
Market Analysis of Proposed Resort, Ithaki, West Greece
Concept Review of proposed mixed-use gold Resort, Sardinia, Italy
Valuation of land plots, Alikes Anavisou, Athens, Greece

My Articles

Impact of COVID-19 on Greek Tourism: Industry Experts' Opinion

After the initial impact of COVID-19 on the tourism sector, Greece is experiencing a transitional period as it is entering the next phase of the outbreak. HVS conducted targeted interviews with highly influential tourism professionals and offers further insight on the aspects affecting operations in the short-term. Governmental decisions aiming to assist the nation’s tourism restart are described and their implications on businesses are further explained.

• May 22, 2020 By Gelina Kordoni , Themis Trakas

• Hotel Operations , Valuations & Market Studies , Travel & Tourism , Hotels - Distressed , COVID-19 , Greece , Europe , Athens

HVS: Impact of COVID-19 in Italy

This article describes the restrictions put in place in Italy following the COVID-19 pandemic with particular attention to their possible economic impact on the tourism industry, historically characterized by the high presence of international tourism. A specific analysis is dedicated to the main four city hubs in an effort to evaluate how their different reliance on leisure international visitation might shape their recovery once the pandemic subsides.

• May 1, 2020 By Ezio Poinelli , Themis Trakas

• Hotel Investments & Ownership , Valuations & Market Studies , Travel & Tourism , Economic Trends and Cycles , COVID-19 , Italy , Europe

In Focus: Florence, Italy

This market snapshot presents current data and information on the upscale and luxury hotel and tourism industry in Florence, Italy.

• February 27, 2017 By Ezio Poinelli , Themis Trakas , Filippo Brivio

• Hotel Brands , Milan

In Focus: Greece

This article constitutes an update on the current state of the Greek Hotel Market featuring the latest news regarding the performance of the Greek tourism industry and highlighting recent and upcoming changes in the country’s hotel supply.

• October 17, 2016 By Nana Boussia , Pavlos Papadimitriou , Themis Trakas

IN FOCUS: CYPRUS

This article provides an overview of the recent performance of the Cypriot hotel market and outlines some future trends following the recent shakeup of the Cypriot banking sector.

• November 18, 2013 By Themis Trakas , Nikolas Pavlidis

HVS Market Area Snapshot, Peloponnese, Greece

The article discusses the Peloponnese hotel market in terms of supply and demand and analyzes past and future tourism trends.

• April 15, 2013 By Themis Trakas , Nikolas Pavlidis

Hotel Market Snapshot, Verona, Italy

This article discusses the Verona hotel market in terms of supply and demand and analyzes the past tourism trends by presenting recent hotel performance parameters.

• December 21, 2012 By Themis Trakas , Ezio Poinelli

Market Intelligence Report, Antigua, West Indies

This article summarizes the existing performance of the hotel market in Antigua, West Indies and provides a brief outlook on its tourism industry.

• July 2, 2012 By Themis Trakas

Mauritius - Country Snapshot

This article summarizes the key tourism statistics of Mauritius and outlines the current enhancements towards its further tourism development.

• October 11, 2010 By Themis Trakas

• Valuations & Market Studies , Economic Trends and Cycles , Africa

Athens, Greece - Upscale Hotels

This is the third in a series of articles that HVS publishes every month on a series of key markets. Our analysis is based on a customised sample of hotels provided by STR Global.

• October 2, 2009 By Pavlos Papadimitriou , Themis Trakas

• Valuations & Market Studies , Economic Trends and Cycles , Europe

Market Area Overview - Athens, Greece

The article provides an overview of the Athens, Greece hospitality industry including recent hotel performance and data on conferences and events. A list of recent hotel supply changes is also featured.

• March 13, 2009 By Pavlos Papadimitriou , Themis Trakas

• Valuations & Market Studies , Economic Trends and Cycles , Europe

The Changing Face of the Greek Hospitality Market

This article summarizes the historical tourism trends in Greece until 2007 and describes the most significant new hotel developments expected to beacon the tranformation of the country into a major competitive player in the global hospitality market.

• December 19, 2008 By Themis Trakas , Pavlos Papadimitriou

• Development & Construction , Valuations & Market Studies , Economic Trends and Cycles , Europe