The investment project has a budget of €107.6 million and involves the renovation of the Kallithea hotel complex, which spans 158 acres and boasts 850 meters of beachfront.
Isrotel, a hotel chain with 23 hotels across Israel, has launched a new expansion under the name ALUMA.
What is the average selling price so far
The average Revenue per available rental night (RevPAR) in 2023 was €90, which shows a 9.8% year-on-year increase and an incredible 36.8% increase from 2019.
The property is an independent southern part of the total area of 915,099.72 sq.m., with a total area of 276,492.70 sq.m.
The smallest increase of 0.2% was recorded in the Region of Thessaloniki.
Dolce Milan Malpensa hotels in Milan and the Lazart Hotel Trademark Collection in Thessaloniki both were transacted.
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