Lampsa Hellenic Hotels SA, which owns the Grande Bretagne and King George located in the heart of Athens on Syntagma Square, is bringing another luxury hotel brand to the Greek capital in cooperation with French hospitality company AccorHotels.
According to an announcement, Lampsa has agreed to include the property that once housed the historic Kings Palace in Athens into the upscale MGallery brand collection of hotels, which is run by AccorHotels.
The nine-storey property in Athens is located on Kriezotou and Panepistimiou streets, in very close distance to Syntagma Square.
The agreement, which has a duration of 25 years, sees AccorHotels managing the hotel under the MGallery brand. It includes basic management fees on revenue and remuneration for achieving objectives.
It is reminded that the former historic Kings Palace Hotel building was leased to Lampsa Hellenic Hotels SA by the fund of former Agrotiki Bank employees for a period of 30 years.
AccorHotels, which also runs the Novotel and Sofitel brands, is a hotel group with 50 years of presence around the world that has more than 4,500 hotels, resorts and residences in 100 different countries in its portfolio.