News & Views on real estate and the economy

75 hotels for sale in Greece but more modern units needed

More than 75 hotels are up for sale across Greece right now amidst a shortage in the supply of new and modern units, says Arbitrage Real ...

Greece fast tracks 333 mln euros of investments on Mykonos, Crete and Santorini

Greece has approved 333.8 million euros of investments in hotel, retail and infrastructure projects on three islands (Mykonos, Crete and ...

Hotel investments seen hitting 6.2 bln euros over next five years

Greece's tourism industry will need investments in hotels over the next five years worth 6.2 billion euros on continued strength in the s...

London & Regional Properties, Intrakat to build 5 star Mykonos resort

Construction company Intrakat plans to build an 80 million euro tourism resort on Mykonos with London & Regional Properties, officials fr...

Tender for Athens hotels extended 'due to strong interest'

Social security fund Efka is giving investors more time to bid for the long term lease of two of its buildings in central Athens being of...

New deal for France's AccorHotels in fast growing Athens market

France's AccorHotels is extending its reach in Greece after having struck up a deal to manage a new nine story hotel in Syntagma, central...

Athens hotel investments seen above 700 mln euros in coming years

Hotel investments in Athens are robust with projects worth more than 700 million euros slated for the Greek capital in the next three yea...

Bumper year for tourism but small players feel the pinch

Greece's small sized hotels saw a drop in bookings last month despite the jump in foreign visitor arrivals, said trade group Setke. Setke...

Thomas Cook wants more own brand hotels in Greece, Spain

Tour operator Thomas Cook wants to launch more own brand hotels in Greece and Spain after the successful launch of its Casa Cook resort i...

Wyndham hotels boost presence in Greece, Cyprus

Wyndham Hotel Group, that operates some 8,000 hotels worldwide, plans to boost its presence in Greece and the Balkan area, the company sa...

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