US real estate firm Hines buys Ledra Hotel in first Greek deal

US real estate company Hines has purchased the Athens Ledra hotel for 33 million euros, in its first deal in the Greek market, an industry official said.

The sale of the hotel, that had closed down in May last year, took place on in an auction held Wednesday. It was the fifth sale attempt of the hotel, that was built in the early eighties. The initial asking price for the hotel was 41 million euros.