Total European hotel investment volume for the year finished 19% below 2022 according to the "HVS European Hotel Transaction" report of HVS.
The average estimate in a poll of analysts by the Bloomberg agency was 69.1%.
The fair value of the Group’s investment properties (incl. inventories) amounted on December 31, 2023, to €167.5mn vs €97.0mn as of December 31, 2022
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The second phase of the merger with ICI is in progress.
The management of the hotel and the branded residences will be assigned to an internationally renowned management company.
Under the PPA signed, MYTILINEOS will be able to offtake 80% of the energy produced, enhancing further its green supply basket.
Prices remain at levels that many buyers find difficult to finance, especially with the benchmark lending rate at a 16-year high.
The solution to the housing problem is to transform the unused and abandoned State properties with a set of apartments, commented Mr.Stasinos
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