Wyndham expects to add some 15 hotels to its portfolio in Greece.
Operations in the facilities of the historic industry has been ceased in 1991 and now are expected to be revived.
Panattoni, will be responsible for delivering the scheme with Warehouse REIT funding and retaining the completed scheme.
Completion is scheduled for the third quarter of 2024.
The former five-star hotel has been successfully repositioned into a high-end office, retail and F&B destination.
The hotel will be located within the former Fine Arts Theatre, in the Amara district of the city.
ECE will continue to be responsible for the management of the center.
The project budget is estimated at € 250 million.