City hotels are a priority for property investment companies in Greece

Property investment companies are expected to swing further towards the tourism sector, particularly in the city hotel domain, as was the case this week with the acquisition by listed firm Grivalia Properties of such a property in Thessaloniki, Northern Greece

The listed building of Olympos Naoussa in Thessaloniki was acquired by Grivalia for 5.46 million euros through a tender conducted by Eurobank. The company, in cooperation with Macedonian Hotels, will create a 50-bed boutique hotel.

Last year Ethniki Pangaea bought Moreas Beach, and this week it announced that after renovations carried out by the leaseholder, the property in Patra will be operated by Moxy Hotels: This is the trade name of Marriott International since September 2014 and will make its debut in Greece via this city hotel.

That is also the plan of a brand-new company entitled Ble Kedros Real Estate Investment Company and owned by the Evmorfidis family, known for the houseware brand Coco-Mat. It is exclusively active in the city hotel sector, owning two units in Athens, Coco-Mat Hotel Nafsika in Kifissia and Coco-Mat Hotel Athens in Kolonaki.

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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: Zweifüssler License: CC-BY-SA

Source: kathimerini.gr