In an announcement, Lampsa SA said that, following the transaction, it now owns 100 pct in Touristika Theretra SA.
The company said it planned to fully absorb Touristika Theretra SA by the end of 2018, seeking to achieve significant scale economies between hotels and a better coordination of administrative operation and sales operations.
Lampsa Hellenic Hotels is a Greek-listed company and owns Grande Bretagne and King George hotels in Athens, Sheraton in Rhodes, Hyatt Regency Belgrade and Mercure Excelsior in Belgrade.
It has also leased Kings Palace hotel, which it is expected to operate under the brand MGallery.
