Henderson Park and Hines have bought the former Ledra Marriott hotel in central Athens for €33m (£29m).
The 315-room hotel on Syngrou Avenue was bought at a judicial auction in Athens, and represents the first entry into the Greek market for both companies.
Nick Weber, founding partner of Henderson Park, said: “The Ledra hotel has a strong history of being among the top five-star hotels in Athens, one of Europe’s top tourist destinations, and presents a significant repositioning opportunity.
“We have a strong conviction towards hotel investments, as demonstrated by our acquisition of Le Méridien Etoile, the largest hotel in Paris, at the end of last year.”
See also: Hines expresses interest in the Greek market
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