One of the iconic hotels of the Greek capital, Athens Hilton, was put up for sale last week. This is one of the most prominent among more than 500 proposals for sale of hotels throughout Greece (recall that at the beginning of the year more than 480 hotels of different levels across the country have been put up for sale).
Greek Alpha Bank officially launched the sale procedure of the controlling stake (97.3%) of its subsidiary Ionian Hotels Enterprise, who runs the hotel.
According to the press release, the bank is interested in attracting high-quality investors with a view to further strengthening the potential of this world-class hotel.
The starting price has not been established, however, local financial analysts say that will be considered only offers from 110 million.
Located in the heart of Athens, near Syntagma Square and the Parliament building, with views of the Acropolis, Athens Hilton was opened on April 20, 1963.
According to the Greek analysts, the sale of the hotel is part of a wider campaign of Alfa-Bank to further enhance its capitalization.
Demand for Greek hotels on the part of foreign investors is particularly high this year. However, small and non-chain hotels are still experiencing serious financial difficulties.
Based on materials of propertyshowrooms.com
Photocredit Flickr.com