Sunday October 26, 2014 Search
Weather | Athens
17o C
13o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Athens city center to get more hotel units

By Stathis Kousounis

It appears the city center of Athens is set to see developments in its hotel market thanks to the major increase expected in tourism, already evident this year too, as Omonia and Syntagma are in line for the opening of landmark units that could change the face of the capitalís two main squares.

The Defense Ministry has decided to restart the process for the long-term lease of Hotel La Mirage, which belongs to the Hellenic Air Forceís Mutual Benefit Fund, allowing for hopes that a hotel will grace Omonia Square after more than five years.

The fund has been paying for the buildingís maintenance and security since La Mirage closed in July 2008, at no small cost, so the ministry has ordered a negotiations committee to be set up that will undertake the project of the hotelís lease. While there will be no set price, extra caution will be taken in the evaluation of the company to undertake the hotelís operation, which may also have to pay for the unitís renovation and refurbishment.

The broader area of Syntagma Square will soon acquire a new hotel, with the Electra hotel group having emerged as the winner in a tender conducted by the Church of Greece regarding the leasing of the building complex where the Education Ministry used to be housed on Mitropoleos Street. The six-story building will be leased for about 40 years, with the option of an extension.

The hotel group, which also maintains two more units close to Syntagma, has submitted a plan for the transformation of the former ministry building into a hotel. The tenderís conditions provide for the group to operate the building to complete renovation works within three years.

One more new hotel, to be run by the Benakopoulos hotel company and with a capacity of 50 beds, is expected to open in central Athens by early 2015. The boutique hotel will be located on Dionysiou Areopagitou Street in a building owned by the company.

The investment for the project is estimated at 7.5 million euros.

Another boutique hotel, the Pallas Athena, was opened by the Daskalantonakis-Grecotel group close to City Hall in central Athens earlier this year.

Investment interest in the Athens hotel market has been rekindled thanks to the return of tourists to the Greek capital after five years of sliding figures. Around 90 hotels were forced to shut down in the capital and the Attica region during that period.

ekathimerini.com , Thursday May 15, 2014 (22:41)  
Nicosia says reforms are bringing results
TAIPED waits for green light from Eurostat
Trade deficit shrinks on big drop in imports
SMEs unable to claim subsidies
Samaras pledges action after flash floods in Athens
Authorities began on Saturday assessing the damage done by flash floods in various parts of Athens a day earlier, with Prime Minister Antonis Samaras pledging that all those affected would b...
No court hearings for civil cases
Greek courts are to stop conducting hearings, which include witness questioning, for civil cases, according to plans drawn up by the Justice Ministry. Kathimerini understands that in a bid t...
Inside News
BASKETBALL
A win is a win is a win for Olympiakos
A bad Olympiakos defeated a worse Laboral Kutxa 63-57 to make it two out of two in the Euroleague on Friday. In a game where the two teams had an overall field goal rate of about one in thre...
SOCCER
Panathinaikos snatches point at Eindhoven
Panathinaikos offered its fans a glimpse of its glorious past in European competitions snatching a draw at PSV Eindhoven, on an otherwise bad night for Greek soccer in the Europa League, as ...
Inside Sports
COMMENTARY
End of reason, end of humanity
The effects of a slew of new and increased taxes introduced since the start of the crisis were first observed in the wages of those still fortunate enough to have jobs, who saw their take-ho...
EDITORIAL
Banks need to step up
What has been leaked so far regarding the results of the stress tests on Greeceís lenders, which are due to be published on Sunday, appears positive. Greece needs a healthy, private banking ...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
†RECENT NEWS
1. Nicosia says reforms are bringing results
2. Samaras pledges action after flash floods in Athens
3. No court hearings for civil cases
4. Greeceís lenders seem adamant that govít must act on bailout commitments
5. Future of Attica trash set to become clearer
6. Policeman admits to murder of his cousin-in-law
more news
Today
This Week
1. End of reason, end of humanity
2. Samaras pledges action after flash floods in Athens
3. Banks need to step up
4. Greeceís lenders seem adamant that govít must act on bailout commitments
5. No court hearings for civil cases
6. Nicosia says reforms are bringing results
Today
This Week
1. The past, present and future of the Greek debt crisis
2. Greeceís closed society is central to its current malaise
3. Greece must stick to reforms, says Schaeuble
4. At least 11 banks to fail European stress tests, three in Greece, report says
5. Cyprus to block Turkey's EU talks after EEZ violation
6. Stop moaning and get in the game
†††Find us ...
††... on
Twitter
†† ††... on Facebook ††
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.