Blackstone

Blackstone to launch hotel buying spree

US investment fund Blackstone is set to carry out investments of 500 million euros in Greek hotel properties, starting in the next few days.

According to sources, the first acquisition in its Greek portfolio will concern units of a hotel chain with a significant presence in the Ionian and Aegean islands, in a transaction that is expected to come to almost 200 million euros.

Future appears bright for Lamda Development

New investors have purchased a stake in Lamda Development, the construction firm which heads the consortium planning to implement the Elliniko project. The development of the old Athens airport plot is now closer to getting the green light, with the signing of the necessary presidential degree due to take place on Friday.