ECONOMY

Tourism rise in Athens sees new hotels mushrooming

The recovery of Athens tourism is leading to the establishment of new hotels in the capital through the reopening of old units along with completely fresh arrivals.

Sources have told Kathimerini that the former Fashion House Hotel on Omonia Square will soon reopen under a new leasing company. The four-star unit with 117 rooms has been leased for 40 years by the Mage Hotels and Resorts group, controlled by a Greek-American entrepreneur. The group’s aim is to get a license and start operating the hotel in the fall.

The same group is also close to a long-term lease on another hotel, with 170 rooms close to Omonia. Both hotels had shut down in early 2011 with the departure of the company managing them.

The Coco-Mat Hotels and Resorts Worldwide group is also set to open a new hotel at Kolonaki, central Athens, in early September. The total budget of the 39-room unit is 10 million euros.

Another group, Domotel, will open the Domotel Kastri hotel in the northern Athens suburb of Kastri, at end-July, while the Electra group is planning to open a new unit at the old Education Ministry building on Mitropoleos Street in the city center in time for summer 2016.