BUSINESS

Alpha to sell Hilton hotel to TEMES-Dogus consortium

TAGS: Business, Banking, Tourism

Alpha Bank agreed on Thursday to sell the Hilton Hotel in Athens to the consortium comprising Greece’s TEMES (the owner of Costa Navarino in the Peloponnese) and Turkey’s Dogus Group.

The two sides reached a deal on a price of 142 million euros, with the sole pending issue being the regulating authorities’ approval.

The sale of the emblematic luxury hotel in the capital, that this year will complete 53 years of operation, forms part of Alpha’s restructuring plan.

Its new ownership will not affect its operation by the Hilton chain.

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