CIG completes acquisition of Hilton Garden Inn Athens property

Cretan Investment Group (CIG), the concern part of MK Hotel Collection, has finalised the acquisition of the spot lodging the Hilton Garden Inn Athens Syggrou Avenue successful Greece.

The determination aligns with CIG’s ongoing strategy to put successful established hospitality assets located successful important municipality areas, reinforcing its committedness to the Greek market, peculiarly Athens.

The recently acquired spot is located connected Syngrou Avenue, a cardinal concern and improvement corridor successful Athens.

The country consistently demonstrates precocious request and holds strategical worth for the city’s hospitality industry.

CIG's acquisition forms portion of a broader concern program aimed astatine enhancing some the standard and prime of its portfolio.

CIG executed the transaction arsenic a merchantability and leaseback agreement. The statement volition let the Hilton Garden Inn Athens Syggrou Avenue to proceed operating without changes to its absorption oregon operations. This attack ensures operational continuity portion supporting the asset’s semipermanent concern value.

CIG actively acquires, develops, and manages hospitality properties successful selected locations, focusing connected assets that connection unchangeable returns and semipermanent resilience. As portion of the MK Hotel Collection, it manages a divers portfolio with a superior absorption connected Crete but besides includes some edifice and municipality projects.

Among the group’s main properties are Unique Blue Resort & Villas successful Amnissos, which comprises 5 buildings and 120 rooms; Pnoé Breathing Life with 60 rooms and Cicada Suites offering six suites successful Karteros; and Elios Hill successful Hersonissos, featuring 275 rooms.

Expansion into branded residences includes Rua Augusta successful cardinal Heraklion and the Agia Pelagia villa complex. The Cicada Seaside Experience edifice connected Karteros Beach complements these holdings.

CIG CEO Marita Karatzi said: “This acquisition reflects Cretan Investment Group’s strategy to put successful hospitality properties with beardown cardinal characteristics, semipermanent instrumentality potential, and resilience implicit time. We stay committed to creating worth done targeted investments and a wide absorption strategy.”

"CIG completes acquisition of Hilton Garden Inn Athens property" was primitively created and published by Hotel Management Network, a GlobalData owned brand.

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