Marriott International is continuing its expansion in the all-inclusive space via a new, long-term partnership with Sunwing Travel Group's Blue Diamond Resorts arm, under which Marriott plans to more than double its existing all-inclusive footprint.

Grivalia Hospitality said it will acquire all companies related with the specific project, currently owned by DCI and its subsidiaries.

Grivalia Hospitality is further evaluating other investments in tourism sector as part of its vision of creating long-term value.

The renowned "Asteria" Hotel, which used to operate within the property, is planned to be fully upgraded into an ultra-luxury urban resort run by an internationally acclaimed hotel operator.

Lazart Hotel has 74 spacious rooms and offers luxurious accommodation in a privileged spot of Thessaloniki.

The share purchase price amounted to €11.2 million of which €7.6 million was paid upon the transfer of the shares.

The net consideration to be paid to DCI by the purchasers according to their proportion amounts to €5.8million.

New strategic partnership of BriQ Properties with HotelBrain

CTDC is the owner of Hilton Cyprus hotel, the only 5 star hotel in Nicosia, Cyprus, with a capacity of approximately 300 rooms.