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Germans and Turks Eye Top Greek Hotels

asterasThe greatest luxury Greek hotels have drawn the attention of investors both in Greece and abroad, especially from Germany and Turkey.  According to Euro2day, a strong Greek and foreign presence in on its way, aiming to purchase many hotels, mainly those owned by banks who foreclosed on properties that failed during Greece’s crushing economic crisis.

According to the market, March 19 is considered to be of great importance as it marks the deadline interest in the Astir Palace Resort interest.
After that, potential investors will put their cards on the table for the Athens Hilton, which belongs to Alpha Bank. Eurobank owns both the King George Hotel in Syntagma, as well as the Capsis Hotel in Rhodes.

Eurobank proceeded to a 20-year agreement with the Laskarides family that also controls the Grande Bretagne Hotel. As for the Capsis hotel, the press in Rhodes mentions a possible interest from Germans. According to a Euro2day report, there has been intense Turkish interest in the Makedonia Palace in Thessaloniki, for which an auction will take place on Feb.4, for its yearly lease. This property belongs to the Greek state health insurance agency IKA, which is asking for a minimum monthly rent of 50,000 euros ($67,400).

On Feb. 5, the sale will proceed of the Gerakina Beach hotel in Halkidiki, which belongs to the National Bank, which wants to keep its hands on the Grand Hotel in Rhodes.

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