SOLD: Grivalia buys Thessaloniki hotel for 5.4 million euros

July 13, 2017

Grivalia Properties has purchased the Olympos Naoussa hotel in northern Greece's Thessaloniki, in a joint venture with Macedonian Hotels SA for a total of 5.45  million euros, the company said Thursday. 


Grivalia will hold a 65% stake in the hotel, located on 5th Nikis Avenue, via its subsidiary Grivalia Hospitality.  The hotel was purchased from Eurobank.

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