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Which hotels in Athens are preparing to “change” hands

The Royal ΚουρλιμπίνηΜεγάλες developments are expected soon in the hotel landscape of Athens. The tourism increase which is a record of the last two years the capital has been brought in accordance with the…reporting intense investment “fermentations”, while the opening of three new units in the downtown area – the Wyndham Grand of the american group Wyndham Hotel Group in the square Καραΐσκάκη that makes opening on the 1st of December, the Electra Metropolis Athens in the Constitution that opened in mid-September and the four-star hotel Athens Tiare in square Concord, which started to operate in August – has rekindled the debates in the circles of the hotel real estate.Well-informed sources say that it is very close to the deal, the largest hotel chain in the world, the Marriott International for the Metropolitan hotel group Χανδρή on Syngrou avenue. The group of Marriott had left at the end of 2013 from the management of the then hotel on Syngrou Avenue (which is then passed to the management of the owner, POLICE, ETC.E. the group Paraskevaides and was renamed to Athens Ledra Hotel), was however not hidden his intention to return to the Greek market, where the tourist industry still has great development prospects. In this direction, moreover, exactly a year ago had announced the trade agreement of Marriott International with the Greek group of Ledra Hotels and Villas of the family Spanos for the Domes of Elounda in Lasithi and later for the Domes Noruz in Chania.The location of the hotel Metropolitan is considered to be pivotal, as he is in front of the Seaside Olympic park, across the street from the Stavros Niarchos Foundation Cultural Center and only 15 minutes distance from the historic centre of Athens.In a month from now will be searched again, after two unsuccessful attempts, an investor for the hotel Athens Ledra. According to the story, in mid-November will be held the third auction for the unit, four star hotel on Syngrou avenue, which in fact it is estimated that it will start with a much lower price compared with that of 47,8 million. euro in the previous two procedures, and, more specifically, close to 35 million. euro. The development, it is estimated that significantly increases the chances of finding an interested buyer, who will be in charge of the complete renovation of the unit.The “bet” for the upgrade of the region of Concord and the Tuileries at the same time seems to accept one more player. It is the hotel La Mirage on the Omonia square, which remains closed since 2008 due to the general degradation of the point. The Equity Fund Aviation, the owner, is expected to restart the process of finding a new tenant, who, however, will be required to bear the costs of the renovation of the unit. The hotel had been at the centre two years ago, when the then leadership of the ministry of National Defence had given the order for the establishment of a competent committee negotiations that will take over the work of the procedures of the lease of the closed hotel, with free starting price in the negotiation. 2012 had been discussed in turn and in a student dormitory, with a capacity of 400 beds.The fact however is, as are operators of the hotel market, that the next time the discussions for the re-opening of units, despite the difficult business and economic climate, you won’t miss them. Furthermore, the increase in the demand for Athens promotes the investment moves: only September the capital showed a positive sign 14,3% in tourist arrivals, while the total in the nine-month period, the increase reaches 7.6%.Source

The Royal Κουρλιμπίνη
Large developments are expected soon in the hotel landscape of Athens. The tourism increase which is a record of the last two years the capital has been brought in accordance with the…
a story of intense investment “ferment”, while the opening of three new units in the downtown area – the Wyndham Grand of the american group Wyndham Hotel Group in the square Καραΐσκάκη that makes opening on the 1st of December, the Electra Metropolis Athens in the Constitution that opened in mid-September and the four-star hotel Athens Tiare in square Concord, which started to operate in August – has rekindled the debates in the circles of the hotel real estate.
Well-informed sources say that it is very close to the deal, the largest hotel chain in the world, the Marriott International for the Metropolitan hotel group Χανδρή on Syngrou avenue. The group of Marriott had left at the end of 2013 from the management of the then hotel on Syngrou Avenue (which is then passed to the management of the owner, POLICE, ETC.E. the group Paraskevaides and was renamed to Athens Ledra Hotel), was however not hidden his intention to return to the Greek market, where the tourist industry still has great development prospects. In this direction, moreover, exactly a year ago had announced the trade agreement of Marriott International with the Greek group of Ledra Hotels and Villas of the family Spanos for the Domes of Elounda in Lasithi and later for the Domes Noruz in Chania.
The location of the hotel Metropolitan is considered to be pivotal, as he is in front of the Seaside Olympic park, across the street from the Stavros Niarchos Foundation Cultural Center and only 15 minutes distance from the historic centre of Athens.
In a month from now will be searched again, after two unsuccessful attempts, an investor for the hotel Athens Ledra. According to the story, in mid-November will be held the third auction for the unit, four star hotel on Syngrou avenue, which in fact it is estimated that it will start with a much lower price compared with that of 47,8 million. euro in the previous two procedures, and, more specifically, close to 35 million. euro. The development, it is estimated that significantly increases the chances of finding an interested buyer, who will be in charge of the complete renovation of the unit.
The “bet” for the upgrade of the region of Concord and the Tuileries at the same time seems to accept one more player. It is the hotel La Mirage on the Omonia square, which remains closed since 2008 due to the general degradation of the point. The Equity Fund Aviation, the owner, is expected to restart the process of finding a new tenant, who, however, will be required to bear the costs of the renovation of the unit. The hotel had been at the centre two years ago, when the then leadership of the ministry of National Defence had given the order for the establishment of a competent committee negotiations that will take over the work of the procedures of the lease of the closed hotel, with free starting price in the negotiation. 2012 had been discussed in turn and in a student dormitory, with a capacity of 400 beds.
The fact however is, as are operators of the hotel market, that the next time the discussions for the re-opening of units, despite the difficult business and economic climate, you won’t miss them. Furthermore, the increase in the demand for Athens promotes the investment moves: only September the capital showed a positive sign 14,3% in tourist arrivals, while the total in the nine-month period, the increase reaches 7.6%.
Source

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