The hotel complex is constructed on a total surface area of 8,166.92 sqm.
The transaction is expected to be finalized by the beginning of 2022.
The main transaction consideration was agreed at the amount of € 28.500.000.
The facilities of the Aegean Marine Life Sanctuary in Lipsi island were visited by Queen Sofia of Spain, accompanied by the Deputy Minister of Environment and Energy, George Amyras, the Secretary General of Environment and Water, Konstantinos Arabosis, the Spanish Ambassador, Enrique Viquera and the mayor of Lipsi island, Fotis Maggos.
Occupancy rates hit 85%.
A happy ending for four HRDH competitions
The historic hotel passes to the Tsakos Business Group.
Five hotel units, with a total capacity of 1,800 beds in Mykonos and Corfu, were bought by Grecotel. The total the investment amounted to 61 million euros, while an additional 43 million euros will be allocated for the upgrade of hotels and villas for sale.
The company said it planned to fully absorb Touristika Theretra SA by the end of 2018.
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The Tripoli Courthouse, a two-story structure with a basement, was originally constructed around 1930.
