According to press reports, the Titania Hotel was sold by London & Regional Properties to H Hotels for € 74 million. This comes only four years after London & Regional purchased the Titania hotel from its original owners.
The 4* Titania Hotel has 385 guest rooms and suites. The roof top Olive Garden restaurant offers views of the Acropolis and the old city. The hotel’s on-site parking holds space for up to 250 cars, while its conference centre holds up to 900 people.
London & Regional Properties purchased the Titania Hotel in 2019 from the original owners. L&R is among largest hotel investors in Europe with assets under management exceeding £ 9 billion.
H Hotels is owned by the Hadjilazarou Family and is one of the largest hotel groups in Greece in terms of bed numbers.
Navigator Consulting provides investment support for hotel investments in Greece. This includes due diligence, hotel turnaround, financial planning and analysis, hotel repositioning and upgrading and digital transformation. For further information please contact us.
Sources:
Hotel Units Changing Hands 04 March 2024
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