Second Athens Ledra Hotel auction fails to attract bidders
A second auction of the Athens Ledra Hotel, a former member of the Ledra Marriot chain, failed to attract bidders on Thursday. Located on Syngrou Avenue, the establishment closed down in May following financial hurdles.
The hotel’s starting price on Thursday was 47.8 million euros, unaltered from the first auction held in July.
Past reports have suggested that about 200 of the hotel’s employees were owed about 5 million euros in wages and compensation.
You may be interested
Cyprus green lights cannabis for medical purposesPanos - Jul 27, 2017
The Cabinet approved a bill legalising the cultivation and commercial exploitation of medicinal cannabis in Cyprus during Wednesday’s Cabinet meeting.…
Acropolis Museum open until midnight for August full moon; concert also scheduledPanos - Jul 27, 2017
The New Acropolis Museum, the country’s most popular and cutting-edge museum, will again mark August’s full moon with special events.…