A long term lease to renovate and operate the existing hotel and upgrade it to a 5 star boutique hotel.
The hotel is adjacent to the promenade leading to the city’s Ladadika District and a 5 minute walk from the Modiano Market to the entertainment spots.
The hotel has been active for many years. The investment framework saw investors purchasing the hotel’s current management company which will provide it with quarterly dividends. The hotel contains 23 very large rooms. A full scale internal and external renovation of the hotel is planned for Q1 2021.
Recruitment is fully completed.