UPKEEP SERVICES
UPKEEP runs the daily operation of aparthotel-style buildings in Athens.
You own the property. We handle the operation.
We focus on simple structures, low operating costs, and predictable results.
Three ways to run an aparthotel in Athens
Run it yourself (in-house)
High control, high involvement
You hire the team, manage suppliers, solve daily issues, and keep the operation moving.
It works, but it pulls you into hospitality, whether you want it or not.
What you get
– Maximum involvement
– Highest execution risk
– Time cost is real
Classic management company (revenue %)
Low involvement, high revenue leakage
A management company takes a percentage of your revenue and runs bookings, guest ops, and reporting.
Simple, but the fee scales with your top line, not your bottom line.
What you get
– Less involvement
– Costs often stay “opaque”
– You pay more as revenue grows
UPKEEP (fixed fee + performance upside)
Cost discipline, aligned incentives
A low fixed retainer to run the operation, plus a performance bonus only when net results improve.
No revenue percentages, no conflicts. Outsource almost everything and keep the control.
What you get
– Predictable fixed cost
– Hands-off for you
– UPKEEP earns more only if you keep more
UPKEEP takes over the full operational side of your building.
That includes:
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Setting up the operating model
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Organising on-site staff
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Managing day-to-day operations
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Coordinating cleaning and suppliers
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Handling bookings, guests, and pricing
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Monitoring costs and performance
You don’t manage people, shifts, or daily problems.
We do.
Operating model design or restructured
Housekeeping and maintenance coordination
Clear reporting focused on net results
Guest Experience Flows
Pricing and Revenue optimization
Cost structure and supplier setup
Everything needed to operate the building properly.
Nothing unnecessary.
Not a hotel.
On Purpose.
Each building has its own character.
We don’t force hotel logic where it doesn’t belong.
No 24/7 reception overhead.
We don’t hire more people than we actually need.
No complexity that doesn’t translate into profit.
HOW THE PROCESS WORKS
A simple, practical process. This is the way we like it.
Step 1-EVALUATION
We review the building, the layout, and the expected operating needs.
Step 2-PROPOSAL
We present a clear operating plan, cost structure, and setup approach.
Step 3 –SETUP
We organise staff, suppliers, systems, and workflows.
Step 4-OPERATIONS
We take over daily operations and run the building on an ongoing basis.
No long onboarding. No theory. Just execution.
Reach Us
Address
Alkiviadou 132 – Piraeus
Phone
+30.210 3000 516
Let’s look at your building
Clear fees. No revenue percentages.
Monthly management fee
A low fixed retainer that covers operational oversight, on-site management, and coordination.
No hidden margins.
No percentage on your revenue.
Performance bonus
When operating costs go down and net results improve, we share the upside.
The bonus is linked to real, measurable improvements.
If results don’t improve, there is no bonus.
This is the economic heart of the model.
Very clear. Very fair.
We Deliver
We set up the team, manage the day-to-day operation, and keep the machine running.
You stay focused on the asset and the returns.
We handle the complexity.
If you are an investor, not an operator, the model matters as much as the building.
Since 2015
UPKEEP manages self-serviced aparthotel buildings in Athens for investors who want predictable operations without becoming hospitality operators. Our approach is built on hands-on experience in short-stay and aparthotel operations since 2015.
We run the full operation with a clear, cost-disciplined model, combining a low fixed management fee with performance-based upside linked to improved net results, not revenue percentages. This keeps incentives aligned and costs transparent.
UPKEEP operates exclusively in Athens & Piraeus, focusing on practical execution, local teams, and repeatable operating structures that protect returns and reduce owner involvement.