Four Seasons hotels and resorts

A corporate entity owned by George Procopiou, one of Greece's leading shipowners, has spent about 150 million euros on acquiring a third of the shares of the Apollo Investment Holdco SA company that controls the emblematic Astir Palace resort at Vouliagmeni, southern Athens.

One after the other, the big Greek hotels are getting ready to open, with most of them expected to start taking in customers on July 1st.

The large hotel groups are having to make choices about which of their hotels to open, given the large drop in demand due to the pandemic.

AGC Equity Partners, the owners of the Astir luxury hotel complex in Vouliagmeni, southern Athens, is close to getting a 51-million-dollar investment project for the construction of 95 luxury residences on Mykonos approved.

Four Seasons Astir Palace Hotel Athens has opened to guests with occupancy rates at 100 percent at weekends, after completing the first stage of its investment plan worth 140 million euros.

The reopening of the Astir Palace in Vouliagmeni, southern Athens, under the management of Four Seasons Hotels, a leading international luxury hospitality company that had until recently held back from investing in Greece, is no doubt a vote of confidence in the country's tourism product.

Four Seasons Hotels and Resorts will operate the Astir Palace resort at Vouliagmeni, southern Athens, under the name Four Seasons Astir Palace Hotel Athens, it was announced on Wednesday.