SOLD: Grivalia buys Thessaloniki hotel for 5.4 million euros

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.