Closed Athens Ledra Hotel Going Up for Auction

The central Athens Ledra Hotel is poised to go on the auction block next month, following its shutdown in late May due to financial difficulties.

According to reports, the decision came following a three-day meeting between the representatives of the hotel’s workers, the employers and the special secretary of the Labor Inspection Squad (SEPE), Yiannis Soukos.

The lawyer representing the hotel owners stated that the aim is for the hotel to go to auction on July 13, with a starting price of 48 million euros.

Some 200 employees of the Athens Ledra are said to be owed a total of five million euros (compensation and unpaid wages).

On their part, the workers have requested for the next property owner to be binded to rehire the dismissed employees of the Athens Ledra.

Built in 1980, the former member of Ledra Marriott on Syngrou Ave, belongs to the Paraskevaidis family, which has in the past sought to auction off the five-star 314-room establishment.