Date: October 2018
Location: On Kriezotou and Panepistimiou streets, in close distance to Syntagma Square, Athens, Greece.
Name: TBA, under the Accor MGallery brand.
No. of Keys: TBA
Owner: The former historic Kings Palace Hotel building, which was leased to Lampsa Hellenic Hotels SA by the fund of former Agrotiki Bank employees for a period of 30 years.
Owner: Lampsa Hellenic Hotels SA, which owns the Grande Bretagne and King George located in the heart of Athens on Syntagma Square, is bringing another luxury hotel brand to the Greek capital in cooperation with French hospitality company AccorHotels.
Lampsa is headed up by Georgios Galanakis, Chairman.
According to an announcement, Lampsa has agreed to include the property into the upscale MGallery brand.
The agreement, which has a duration of 25 years, sees AccorHotels managing the hotel under the MGallery brand. It includes basic management fees on revenue and remuneration for achieving objectives.
THPT Comment: Interesting move for Lampsa, who claim to be the oldest company (since 1919) in Greece that is active in the realm of hospitality and tourism and who own/rent the two most iconic hotels in Athens, as well as the Hyatt Regency in Belgrade, 70% of the shares of the Excelsior Hotel in Belgrade and 50% of the shares of the Sheraton Rhodes Resort on the island of Rhodes, along with the rental and the operation of the luxury Hotel King George at Syntagma Square in the heart of Athens.
First Seen: Greek Travel Pages