Greece’s Club Hotel Loutraki To Be Sold

Club Hotel Loutraki (CHL) will be put up for sale by its Israeli owners.

According to a news report by Greek newspaper Kathimerini, owners Queenco-Leisure International Ltd and Club Hotel Investments have announced that their agreement to resolve their differences provides for the joint sale of CHL’s activities. Besides a casino at Loutraki near Corinth, they also include another casino based in Belgrade, Serbia.

The joint statement reads that the two parties intend to sell the assets of CHL within the next 15 months.

In addition to making the highest bid, the preferred investor will not be allowed to be in any way connected, directly or indirectly, to the two main shareholders of CHL.