Ten hotels across Greece are slated to hit the auction block in the coming months, with initial bids ranging from 2.19 million euros to 13.9 million euros. These properties, situated predominantly in coastal regions, are seeking new opportunities in a tourism sector projected for significant growth in the years ahead.
Scheduled throughout the summer from mid-June to October, these auctions feature hotels spanning from three-star accommodations to luxurious five-star resorts, each offering varied facilities, capacities, and amenities.
Among the highlights is the prestigious “Kinetta Beach” resort, expected to be acquired by the ComerHotel Group, leading to the suspension of its auction. In Agia Marina, within the municipality of Chania, on the island of Crete, stands the acclaimed “Galini Sea View,” boasting 51 rooms with 107 beds and a total capacity of 128 rooms.
The three-star “LINDOS MEMORIES” in Lindos, on the island of Rhodes, and the “CHORA RESORT” on Folegandros island are also up for auction. Additionally, the “LIKNON” in Kalampaka, Trikala Prefecture, in the country’s mainland and the “ROYAL BEACH HOTEL” in Agios Nikolaos, on the island of Karpathos, are seeking new owners through this process.
Moreover, a Halkidiki hotel, in northern Greece, with 87 double and triple rooms and the “Kassandra Mare” and “SKIONI MARE Α.Ε.” hotels are part of this wave of auctions, marking a significant opportunity for investors in Greece’s vibrant hospitality sector.
Source: tovima.com
Latest News
Surging Gold Sees High Sovereign Liquidation Rate in Greece
Bank of Greece (BoG) reports nearly 36,000 buy back transactions this year up until the end of September in the country
Heating Oil Prices in Greece Range from €1.16 to €1.39 per Liter
In Athens, the average price of heating oil, which became available to the public as of Oct. 15, stands at 1.67 euros per liter, while in Thessaloniki, it is a little higher at 1.77 euros per liter
Homeownership Increasingly Unattainable for Young Greeks
Compared to two decades ago, the difficulty of finding housing has risen dramatically, with homeownership rates in Greece plummeting since 2005
S&P Delays Greek Economy’s Credit Review, Keeps Rating at BBB-
Moody’s took a “stricter” stance compared to the other agencies when in Sept. of 2023 it refused to grant Greece the investment grade
The History of Greece’s Tallest Buildings
By the end of 2025, the rejuvenated Hilton Athens—now rebranded as "The Ilisian"—will begin a new chapter as an innovative multi-use complex, featuring the Conrad and Waldorf Astoria brands of hotels and residences.
Alonissos Top Pick for Popular French Website
The list also includes Chios, Kythira, Ithaca, Kea, and Patmos
Greece’s Tourism Success Tied to Expanding U.S. and Asian Markets
Its findings reveal that travelers to these destinations are becoming increasingly demanding, expecting high-quality travel experiences while also seeking authenticity.
Greece to Simplify Procedures for Solar Installations
Under the new procedures, businesses no longer need to seek approval from Greece's electricity regulator or obtain an environmental permit as part of the application process for installing solar panels.
HCAA Reports 6.1% Rise in Passenger Traffic January-September
Regarding domestic and international flights, the total number of passenger arrivals and departures amounted to 9,984,655 in the first nine months of 2024
Greece Tops Europe in Rent Payment Struggles
Families with children are even more affected, with 26.3% of these households struggling to pay rent.