Marriott Hotels
OpenCalais Metadata: Ticker
MAR
OpenCalais Metadata: LegalName
MARRIOTT INTERNATIONAL, INC.
Hines acquires Athens Ledra Hotel
One year after its closure, the Athens Ledra Hotel is passing into the hands of Sygrou 115 Hotel SA, a company controlled by US property investment firm Hines, for just over 33 million euros.
Following the departure of operating company Marriott Hotels, which had managed the unit for decades, the hotel on Syngrou Avenue shut down last year due to owner Asty SA's financial problems.
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Greek tourism draws interest of both US visitors and investors
US tourists have voted with their feet on Greece as a holiday destination in recent years, while stateside companies both with and without links to Greece are revisiting the idea of implementing tourism investments in this country.