The new hotel, with a capacity of 65 rooms, is being developed by Zafido Holding Ltd.

The tender process, launched in October 2023, attracted strong international investor interest.

The plenary of the Council of State had ruled that the contested permit caused harm to the Acropolis monument and that the height of the hotel should be restricted.

The works are in the final stages and are expected to be completed in the near future.

The value of the transaction amounts to €7.585 million.

Currently, DEI Group operates 23 wind, solar, and hydropower projects in Romania, along with battery storage systems, boasting a total installed capacity of 1.3 GW.

The renovation of the historic two-story building in Floisvos, with a budget of €2.8 million, is fully funded by the Attica Region.

The IPO is currently expected to price between $15 and $18 per share.

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