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Greek Hotels Look To International Management

With the recent agreement between the Chandris hotel group and the French hotel group Accor, whereby Accor takes over the management of the Chandris group, the Greek capital's major hotels are for the most part managed by multi-national hotel units. This is in stark difference to...

Hoteliers Agree To Bookings For 2004 Games

After promises by government quarters to hold off on any new hotels other than those already approved or being approved (4,500 rooms), the Athens Hoteliers Association agreed to book another 10% of available rooms in luxury hotel units for officials of the 2004 Olympic Games....

Athens No Longer Considered A Saturated Area For New Hotel Units

Some 20 new hotels with a total capacity of some 5.000 beds and costing an estimated 100 billion drachmas are expected to be built in Attica over the years leading up to the 2004 Olympics, Development Minister Nikos Christodoulakis said last month.

Thessaloniki Hotels Half Full, But More Needed

On the average, hotels in Greece's northern capital, Thessaloniki, during the first eight months of this year posted a occupancy rate of 52%. Hoteliers say they are hardly satisfied with the result, but they say at least they have managed to increase the number of foreign...

Candia Maris Presents Its Green Team

The Candia Maris on Crete, the first hotel in Greece and the third in the Mediterranean (and among only 100 units internationally) to possess the coveted ISO 14001 environmental management certification, has created a "Green Team" to help clean up Greece. All members of the team...

Porto Rio Renews Image

Patra's Porto Rio Hotel celebrated its rejuvenation last month. Owners spent some two billion drachmas to give the unit a complete new image, not just a facelift. The only thing familiar to previous hotel guests is the unique view to the sea.

Athenaeum Inter-Continental Opens Newly Designed Conference Area

The Athenaeum Inter-Continental Athens has reopened its ballroom following a 950-million drachma renovation of what is considered one of the largest conference venues in Greece.

Leptos Group Renovates Panorama Hotel On Crete

The Panorama hotel unit in Chania recently became the latest member of the Cyprus-based Leptos Hotels & Resorts group. The 167-room first-class unit immediately underwent an extensive refurbishing program.

Porto Carras’s New Owners Renovate And Expand Unit

Plans for an extensive renovation of the Porto Carras complex in Halkidiki, northern Greece, will proceed despite an outstanding legal decision concerning management of the unit's casino. One of the new owners of the complex, Greek construction company Techniki Olympiaki,...

Louis Hotels Opens New Zakynthos Unit

The Cypriot-based Louis Group is securing a firm foothold in Greece through buyouts of existing hotels and the construction of new units. Its most recent purchase was the Louis Imperial Beach on Zakynthos, which lies next to the group's Palazzo di Zante and Royal Palace, just 17...

Astir Resort Expects Five Billion From Stock Float

Greece's National Bank, owner of the Astir Hotel Company, has placed the three-hotel group on the Athens Stock Exchange. The initial public offering last month places 14.7 billion drachmas within the group's coffers. This cash will be used mostly to initiate a five-year...

Greek Hotels Expensive

Up-market Greek hotels for business travelers are on the average the fourth most expensive in the world. And it looks like prices are going even higher. According to a study by BTI UK Hogg Robinson, which was published by the Hellenic Travel and Tourism Agents' Association, last...

Louis Hotels Buys Colossos Beach

One of the biggest and best-known first-class resort complex in Greece, the 472-room Colossos Beach of Rodos, is now in the hands of Louis Hotels. Furthermore, with its purchase of 68.3% of Colossos, Louis gets 25,000 square meters of beach property.

Athenaeum InterContinental Renews Conference Areas

The biggest conference venue within the City of Athens, the ballroom at the Athenaeum InterContinental hotel, is undergoing extensive renovations worth 950 million drachmas.

Athens Hotel Owners Agree To 2004 Room Availability

Athens hoteliers have agreed to set aside 80 percent of the capital's beds to accommodate the Olympic family during the 2004 Games. At a meeting last month with Development Minister Nikos Christodoulakis and Athens 2004 Organizing Committee Chairwoman Yianna...

Plans Underway To Merge Grande Bretagne And King George Hotels

The Hyatt group of Thessaloniki, which has acquired a majority of shares in the Grande Bretagne hotel, and the Latsis-owned Eurobank are said to be close to finalizing an agreement to merge the classic Athens-center hotel and the defunct King George Hotel that sits empty next to it.

Athens Chandris Transformation Includes Name Change

Upon completion of its extensive and even radical renovations, at a cost of some five billion drachmas, the Athens Chandris Hotel assumes a new identity. The deluxe cosmopolitan unit heretofore becomes the Metropolitan Hotel. "We at Chandris Hotels and Resorts thought it only...

Hyatt Regency Buys Grande Bretagne Shares

Through share purchases on the Athens Stock Exchange, the Hyatt Regency of Thessaloniki purchased at least 17% of the Athens-central deluxe hotel Grand Bretagne. Hyatt said it would acquire additional shares if the open-market price is reasonable.

Athens Hotels Strike Deal With Olympic Commitee

A partial deal between the Athens 2004 Organizing Committee and the capital’s hoteliers’ union on accommodation for Olympic Games’ visitors to Athens was reached last month with the assistance of Development Minister Nikos Christodoulakis.

Hyatt Looks To Expand

Greece's Hyatt Regency aims to expand its hotel-casino business in the immediate future to countries outside of Greece, says the company's chairman, Georgos Galanakis. He did not, however, exclude expansion in Greece and said the company would utilize every business opportunity...