Eurobank has just announced it has accepted Greece-based company Lampsa SA’s pre-emption right for the acquisition of the five-star King George for 43 million euros.
Located in the centre of Athens on famous Syntagma Square and right next to the Hotel Grande Bretagne, the 102-room, King George, dating back to the 1930s, was put on sale in May by its owner Eurobank.
The hotel was leased to Lampsa SA in 2012 for 20 years with an annual rent of 700,000 euros.
A Laskaridis Group company, Lampsa is a leading Greek company that has been listed on the Athens Stock Exchange since 1946 and is active in the hospitality sector, owning among others the Hotel Grande Bretagne, the Sheraton Rhodes Resort, and the Hyatt Regency in Belgrade.
King George is a leading choice for visitors who are after a luxurious stay in Greece's capital city, having hosted many renowned celebrities and well-known personalities. A state-of-the-art premises, it has always been distinctively recognised for its iconic rooms with the finest natural hard wood floors.
With 63 rooms, 39 suites and stunning views of the city and the Parthenon, this historic residence also features a Penthouse Suite with a private outdoor pool overlooking the Acropolis.
According to the statement issued by Eurobank on Monday, “the procedure for the collection of the necessary documents for the signing of the relevant purchase and sale contract is in progress.”