Eurobank has announced it has accepted Greece-based company Lampsa SA’s pre-emption right for the acquisition of the five-star King George at Syntagma square for 43 million euros.
Located in the centre of Athens and right next to the Hotel Grande Bretagne, the 102-room, King George, dating back to the 1930s, was put on sale in May by its owner Eurobank.
The hotel was leased to Lampsa SA in 2012 for a 20 year period with an annual rent of 700,000 euros.
A Laskaridis Group company, Lampsa is a leading Greek company that has been listed on the Athens Stock Exchange since 1946 and is particularly active in the hospitality sector, owning among others the Hotel Grande Bretagne, the Sheraton Rhodes Resort, and the Hyatt Regency in Belgrade.
King George is an exceptional choice for visitors who are after a luxurious stay in Greece’s capital city, having hosted many renowned celebrities and well-known personalities. A state-of-the-art premises, it has always been distinctively recognised for its iconic rooms with the finest natural hard wood floors.
With 63 rooms, 39 suites and stunning views of the city and the Parthenon, this historic residence also offers a Penthouse Suite with a private outdoor pool overlooking the Acropolis.
According to the announcement issued by Eurobank on Monday, “the procedure for the collection of the necessary documents for the signing of the relevant purchase and sale contract is in progress.”
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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: A.Savin License: CC-BY-SA
Source: greekcitytimes.com
