Tenders Launch for Lease of Hotels in Athens Center

Conference room of the former Esperia Palace Hotel in Athens.

The Single Social Security Entity (EFKA) on Friday launched two public tenders for the lease of the historical hotel “Esperia Palace” and of a neoclassical building on Zalokosta Street, both located in central Athens, according to the Greek Labor Ministry.

Both properties are to be leased under 5-star international hotel standards. The historic 185-room Esperia Palace Hotel, a property of 12,000 square meters, is located at 22 Stadiou Street and has been closed from 2010. The second property on 7-9 Zalokosta Street is a four-story neoclassical building (1,600 sqm).

“The revival of these two emblematic properties, which have been empty for many years, will directly provide significant economic benefits to social security bodies and contribute to the creation of new jobs and the revival of the historic center of Athens,” the ministry said.

The tenders were launched in the context of the ministry’s real estate program known as “Recovery of the buildings of the Historic Center of Athens – Exploitation in terms of social reimbursement”.

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Another tender to launch soon will involve the lease of the closed down Hotel Ambassadeur (9,000 sq.m.), housed in the historic building of the former Court of Appeal at 65-67 Socratous Street.

Tender to launch for former Kaningos 21 hotel

On Monday it was announced that the owner of the former four-star Kaningos 21 hotel on Chalkokondili Street, Kaningos Square, will soon launch a tender for the property’s long-term lease.

The former hotel, owned by a Greek insurance fund, has a total area of ​​3,501 square meters and has been closed since 2010 due to the impact of the economic crisis.