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FINANCIAL NEWS
Saudi hotel firm to invest in Greece
22 Mar 2016
(MENAFN) Saudi group Hotels will enter the Greek hotel market, which will also mark its European debut, and will open its fifth unit in Vouliagmeni on Athens’ southern coast.
Moreover, the five star hotels will have a capacity for 11 luxury suites following the revamp of an existing building and it’s expected to go into work in mid-April.
Additionally, the hotel entered the regional market as a stakeholder last year after securing control of the firm which owns the luxurious Eden Beach Resort complex.
The group is planning to include this unit in its Somewhere brand, which boasts a capacity of 250 rooms, and will apply other project in Greece.
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