Greek hotel management and consulting group Zeus International, through its subsidiary Seaside East Riviera, has been awarded the 30-year lease of the former Kaningos 21 hotel on Chalkokondili St, Kaningos Square, central Athens.
Zeus International was named winning bidder in an international tender announced last year for the property’s long-term lease.
Formerly a hotel, the 3,501m2 property is owned by a Greek insurance fund and has been closed since 2010 after the economic crisis hit Greece.
Zeus International said it would “immediately” launch 3 million euros worth of renovation works on the hotel – its fourth in Athens – and that the 74-room facility would open to the public in 2020, complete with restaurant, bar and roof garden.
Active in Greece, Italy, Cyprus, Bulgaria and Romania, the hotel group recently announced its expansion into Croatia with the management of the former Novi Spa Hotels & Resort, located on the northern Adriatic coast.
Zeus International collaborates with the world’s largest hotel chains, including Wyndham Hotels & Resorts and Hilton.