Hospitality Best Offer For Astir Palace Luxury Resort Announced by GTP editing team 10 December 2013 written by GTP editing team 10 December 2013 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 12 Investment firm Jermyn Street Real Estate Fund IV LP made the best offer for the majority stake in the Astir Palace luxury resort at Vouliagmeni, southern Athens. According to the Hellenic Republic Asset Development Fund (TAIPED), the investment firm, a fund managed by Arab interests AGC Jermyn Street IV, made an offer of 400 million euros for Astir. The financial offers were opened on 9 December. According to reports, the investors intend to convert the resort’s two hotel units (Arion Hotel and Westin Hotel) into six-star hotels and construct some 20 luxurious residences for billionaires from all over the world. The main intention is to transform the area – known as Mikro Kavouri – into a destination for the international jet set, reports said. Follow GTP Headlines on Google News to keep up to date with all the latest on tourism and travel in Greece. Share 0 FacebookTwitterLinkedinWhatsappEmail GTP editing team This is the team byline for GTP. The copyrights for these articles are owned by GTP. They may not be redistributed without the permission of the owner. previous post Mount Athos Area Promoted To Scandinavian Market next post Athens Introduced To Hungarian Journalists You may also like Greece’s Hotel Market Sees Major Investments Over Four Months 5 February 2025 Greek Tourism Ministry Monitors Santorini Situation as Seismic Activity Continues 5 February 2025 Global Air Passenger Demand Reaches Record High in 2024, IATA Reports 5 February 2025 Greek PM Reassures Public About Santorini’s Ongoing Seismic Activity 5 February 2025 Milos: Ministry Suspends 5-star Hotel Construction Near Sarakiniko Beach 5 February 2025 ELIME and HELMEPA Join Forces for Safer, More Sustainable Greek Ports 5 February 2025 Leave a Comment Cancel Reply Save my name, email, and website in this browser for the next time I comment. Δ
