L+R Officially Announces Takeover of Titania Hotel in Athens
L+R Hotels, a UK-based private investment company, has officially announced its further expansion in Greece with the acquisition of the Titania Hotel in Athens.
The expansion marks L+R Hotels second acquisition in Greece since the company invested two years ago in the Amathus Hotels Rhodes.
The Titania Hotel is located on Panepistimiou Avenue, right in the heart of the historical and commercial center of Athens. The hotel has 385 rooms of all types: standard, family, superior, executive, junior suites and deluxe suites.
According to reports, L+R Hotels acquired the Titania for more than 50 million euros, boosting its activity in Greece to 800 rooms.
Meanwhile, the company is also said to be participating with local construction giant Intrakat in the establishment of a 5-star luxury hotel and residences on Mykonos.
Titania Hotel: ‘A room with a view’
“Our Titania Hotel Athens invites you to peek into Ancient Greece. The hotel is situated in the city center, overlooking the Acropolis, a hilltop citadel topped with ancient landmarks such as the Parthenon temple, preserved sculptures and more, dating back to the 5th century BC,” L+R Hotels says in its announcement.
According to L+R Hotels, the Titania offers a multitude of amenities from meeting and events facilities to dinner under the stars, making it ideal for business trips, family holidays or a long-awaited honeymoon.
From the hotel, visitors can easily explore the Greek capital due to its easy access to public transport.
“To experience Greece at its fullest, we suggest combining your stay at Titania Hotel in Athens with our Amathus Beach Hotel in Rhodes to make the most of what Greece has to offer,” L+R Hotels says.
The original founding company of L+R Hotels is London + Regional Properties, which launched in 1990 and has become one of Europe’s largest privately owned property companies, with a worldwide investment and development portfolio of approximately £9 billion.
The head of London + Regional Properties for Southeastern Europe is the company’s Acquisitions & Business Development Director, Nikos Konstantinidis.