Alpha Bank plans to sell Athens Hilton

Alpha Bank reportedly will soon announce the agreement for the sale of Athens’ Hilton Hotel in Greece, which is currently the property of Ionian Hotel Enterprises, an Alpha Bank subsidiary. The interested buyers are reportedly Oaktree Capital Group and Jermyn Street Real Estate Fund.

Alpha Bank plans to sell the property for 180 million euros.

In a related item, rumors of the sale of the Alpha Bank subsidiary Ionian Hotel Enterprises to Greek-American businessman John Catsimatides, who owns the Gristedes supermarket chain, have again surfaced.

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Post COVID-19: The New Guest Experience

Join Hotel Management’s Elaine Simon for our latest roundtable—Post COVID-19: The New Guest Experience. The experts on the panel will share how to inspire guest confidence that hotels are safe and clean and how to win back guest business.
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