Bohopo's Minas Terlidis on Adaptive Re-Use in European Cities

Bohopo's Minas Terlidis has given a Q&A interview to Hospitality Investor on adaptive re-use (the conversion of existing non-hotel buildings into hospitality assets) and what he frames as the next phase of European urban hospitality.

The interview, published by the trade title Hospitality Investor, positions the Athens-based operator's thinking on a model that has gained traction across European gateway markets. Adaptive re-use takes offices, industrial buildings or other structures and converts them into hotels, typically where new-build development is constrained.

Why does the format matter to sellers and investors?

Conversion projects carry different economics from ground-up development. They trade construction risk for planning and structural risk, and they often unlock locations where land for new hotels is scarce or politically difficult to secure. Terlidis, speaking in his capacity at Bohopo, addresses how the company approaches this balance.

European urban hotel supply has increasingly come from conversion rather than new construction in recent cycles, driven by zoning limits, sustainability pressure on embodied carbon (the emissions tied to building materials and construction) and the availability of underused office stock.

What did the interview cover?

The Q&A spans two connected themes:

• Adaptive re-use as a route to hotel supply in European cities
• What Terlidis characterizes as the next phase of urban hospitality on the continent

Hospitality Investor carries the full exchange, including Terlidis's direct answers on Bohopo's strategy.

The trade outlet did not disclose deal values, pipeline room counts or market-specific figures in the interview's public framing, so this summary reports the discussion's scope rather than quantified results.

The commercial context

For distribution and asset teams, conversion-led growth changes how inventory arrives in city centers. Converted buildings tend to be smaller and more irregular than purpose-built stock, which shapes brand fit, positioning and the average daily rate a property can command.

Operators that master conversion economics — Terlidis's stated territory at Bohopo — compete for a finite pool of viable buildings against residential and office refurbishers, a dynamic that affects acquisition cost per key across European urban markets.

The interview adds a practitioner's voice to a debate that has moved from niche to mainstream as European cities weigh what to do with post-pandemic office vacancies. Hospitality Investor, which serves the hotel investment community, treats the topic as a structural question for the sector rather than a cyclical one.

Readers tracking European hotel development pipelines should watch whether Bohopo converts this positioning into announced projects with disclosed room counts and opening dates in the coming cycle.