Alpha Bank agreed on Thursday to sell the Hilton Hotel in Athens to the consortium comprising Greece’s TEMES and Turkey’s Dogus Holdings A.S.
The two sides reached a deal on a price of 142 million euros for 97.3% of shares, with the sole pending issue being the regulating authorities’ approval.
The Athens Hilton is completing 53 years of operation this year, with its sale being part of Alpha’s restructuring plan. Its new ownership will not affect its operation by the Hilton chain.
TEMES is owner of the Costa Navarino resort in the Peloponnese, one of the biggest in the Mediterranean.
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