Turkish company to buy Athens Hilton hotel

Hilton Athens

Hilton

The Greek capital’s iconic Athens Hilton hotel with the renowned Galaxy Bar is up for sale, with binding offers submitted by last Friday’s deadline.

According to media speculation, the successful bidders are likely to be Turkey’s Dogus Holdings in partnership with Greek luxury resorts developer TEMES SA.

Media reports have put offers for the hotel at around 180 million euros for a 97.3% stake with interest coming from a large number of international contenders including John Daskalantonakis and US investment fund Lone Star, Spain’s Barcelo Group, South African Orion Hotels & Real Estate, US groups Hines, Nexus and Pacifica.

The hotel is currently owned and managed by Ionian Hotel Enterprises SA, which is owned by Alpha Bank.

GCT Team

This article was researched and written by a GCT team member.