ECONOMY

Ifantis Group plans new Athens hotel

ifantis-group-plans-new-athens-hotel

The Ifantis Group is planning a new private property investment for the center of Athens. According to information obtained by Kathimerini, the investment is to be implemented in a listed building where the historic Pindaros hotel once operated on Sophocleous Street.

The project is an initiative of the parent company of Fresh Hotel Athens, Athens Holidays SA, which is controlled by the Ifantis Group. The four-star Fresh Hotel, the group’s first hotel venture in central Athens, is situated next to the Pindaros hotel on Sophocleous Street. It opened in 2004 with a capacity of 133 rooms after a complete refurbishment of the building.

The company has launched proceedings to secure investment from the Ministry of Culture’s fund for the restoration of such properties. Approval for the architectural design of the project is being sought from the Ministry of Culture. The project aims for the restoration and enhancement of the listed building, with the addition of loft and three additional stories for its use as a four-star hotel.