City ho­tels are a pri­or­ity for in­vestors

Kathimerini English - - Focus - NIKOS ROUSSANOGLOU

Prop­erty in­vest­ment­com­pa­nies are ex­pected to swing fur­ther to­wards the tourism sec­tor, par­tic­u­larly in the city ho­tel do­main, as was the case this week with the ac­qui­si­tion by listed firm Gri­valia Prop­er­ties of such a prop­erty in Thes­sa­loniki.

The listed build­ing of Olym­pos Naoussa in Thes­sa­loniki was bought by Gri­valia for 5.46 mil­lion eu­ros through a ten­der con­ducted by Eurobank. The com­pany, in co­op­er­a­tion with Mace­do­nian Ho­tels, will cre­ate a 50-bed bou­tique ho­tel.

Last year Eth­niki Pan­gaea bought Moreas Beach, and this week it an­nounced that after ren­o­va­tions con­ducted by the lease­holder, the prop­erty in Pa­tra will be op­er­ated by Moxy Ho­tels: This is the trade name of Mar­riott In­ter­na­tional since Septem­ber 2014 and will make its de­but in Greece via this city ho­tel.

That is also the plan of a brand­new com­pany named Ble Ke­dros Real Es­tate In­vest­ment Com­pany and owned by the Ev­mor­fidis fam­ily, known for the house­ware brand Coco-Mat. It is ex­clu­sively ac­tive in the city ho­tel sec­tor, own­ing two units in Athens, Coco-Mat Ho­tel Naf­sika in Ki­fis­sia and Coco-Mat Ho­tel Athens in Kolon­aki.

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