Company updates Athens Ledra Hotel Sold to US Real Estate Giant Hines by GTP editing team 14 June 2017 written by GTP editing team 14 June 2017 0 comments Share 0FacebookTwitterLinkedinWhatsappEmail 10 The Athens Ledra Hotel was sold on Wednesday for 33.05 million euros to Houston-based real estate developer Hines. This was the fifth attempt by Alpha Bank to sell via auction the central Athens Ledra, which declared bankruptcy on May 31 due to financial difficulties. According to reports, Hines was the sole interested party to appear at Wednesday’s auction for the five-star 314-room establishment. The first auction for the Athens Ledra was about a year ago, with a starting price of 47.8 million euros. Built in 1980, the Athens Ledra is the former Ledra Marriott Hotel on Syngrou Avenue. Hines is a privately owned global real estate investment, development and management firm, founded in 1957, with a presence in 189 cities in 20 countries. The firm’s current property and asset management portfolio includes 533 properties. The firm has offices in Greece, but the Athens Ledra is the first property it has acquired. 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 Passenger Numbers in Greek Airports Up in January-May next post Roaming Charges End Across EU on June 15: Frequently Asked Questions 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
