Germany's Alltours buys Crete hotel in first Greek deal

German tour operator Alltours has purchased the Zorbas village hotel on the island of Crete in a bid to tap into strong growth in Greece's tourism sector, the German company said.

Alltours said Wednesday it purchased the four star Zorbas hotel in northern Crete's Anissaras, which is popular with German tourists, for an undisclosed amount.

It is the German company's first acquisition in Greece, bringing the number of hotels in its portfolio to 33. All of the other hotels are located in Spain.