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Four Seasons Astir Palace Hotel Athens Aiming for Spring 2018 Opening
Posted On 08 Nov 2017
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Tag: Apollo Investment Holdco, Asteras Vouliagmenis, Astir Palace, Astir Palace sale, Athens Riviera, c10993c, Greece accommodation, Greece debt crisis, Greece economy, Greece infrastructure, Greece investments, Greece tourism enterprises, Jermyn Street Real Estate Fund IV LP, Lydia Koniordou, Vouliagmeni
Photo Source: Four Seasons Hotels and Resorts
Another tourism project dogged by delays, the multi-million-euro revamp of the historic Astir Palace in the coastal suburb of Vouliagmeni, will proceed according to schedule with plans to open its doors to the public in spring next year, the Athens News Agency (AMNA) reports citing a company executive.
According to AMNA, the hotel will officially open in spring 2018 and debut as Four Seasons Astir Palace Hotel Athens bringing the Four Seasons brand to Greece for the first time.
The investing entities – Jermyn Street Real Estate Fund IV LP and Apollo Investment – will pour over 100 million euros into the project which will include 300 rooms, suites and exclusive bungalows, spa and leisure facilities, state-of-the-art conference center and event venues, a park and an upgraded marina.
The tourism project’s investment plan and environmental impact study were recently approved by Culture Minister Lydia Koniordou.
