The Makedonia Palace, the former hotel of the N. Daskalantonakis Group companies, is soon to be open for business again. It was known as one of the leading quality hotel brands in Greece and is being renovated for a February re-opening.
The new owners are not set to be identified until the end of the month. The process to open the facility began when the national health and social security system IKA approved a consortium of consultants who have undertaken the task to complete the negotiations needed with the potential investor, who expressed interest in running the hotel.
The Makedonia Palace transfer to the investment group will be completed by a Greek bank with a presence in Turkey, it was reported. The deal comes too late for the holiday season.