• Grecotel closes Athens sites

N. Daskalantonakis Group, which controls the Grecotel chain of hotels, is reported to be planning to close two luxury properties in Athens, which were built prior to the 2004 Athens Olympics.

The group has blamed falling tourism during the downturn. In addition to the 167-room Acropol Hotel and the 115-room Fashion House Hotel, it is reported that the group has already closed a further two hotels in the city.

See the full story here:
http://www.bloomberg.com/news/2011-01-21/grecotel-closes-two-luxury-hotels-in-central-athens-ta-nea-says.html

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