Several hotel units in Greece are set to go on the auction block in the upcoming period, with most coming under foreclosure due to defaults on bank loans, naftemporiki.gr reports in the following article:
One company in bankruptcy liquidation is the Lakitira S.A. company, which managed three units on the Dodecanese holiday island of Kos. The former has 37 million euros in outstanding bank loans taken from Greek lender Eurobank, with another three million euros owed to third parties, along with 2.17 million to the state – of which 1.56 million euros are in arrears.
The Lakitira brand includes the four-star Lakitira Resort & Village, with 239 rooms; five-star Lakitira Suites, with 83 rooms; and five-star Helona Resort, with 241 rooms.
Several other smaller hotels and resorts across Greece are also scheduled to come up for auction, assuming an electronic auction platform finally gets off the ground at the end of this month.
Read more here.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations , Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons Copyright: Chris Vlachos License: CC-BY-SA
Source: naftemporiki.gr
