The 1,000 sqm space is set to welcome visitors before the summer of 2025.
The new hotel, with a capacity of 65 rooms, is being developed by Zafido Holding Ltd.
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 renovation of the historic two-story building in Floisvos, with a budget of €2.8 million, is fully funded by the Attica Region.
The total purchase price was financed through REIC's available funds.
Ahmad Hariri, Managing Partner of Valpre Capital, speaks exclusively to RED about the company's investment plan.
The project has a total budget of €11.5 million (plus VAT).
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2025 ANNUAL EDITION
2025 ANNUAL EDITIONGreek CRE at a glanceA change of scaleTOURISM: Expansion, Delays, and Strategic Moves HOUSING: International investors in the Greek market OFFICE: Partnering for success RETAIL: …
