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
Justice Ministry to address concerns over ‘pothen esches’ declarationsmakis - Oct 19, 2017
Alternate Justice Minister Dimitris Papangelopoulos on Thursday said that a new ministerial decision will be issued to address the concerns…
Deadline for EFKA dues is extendedmakis - Oct 19, 2017
The 650,000 farmers and self-employed professionals who have not paid the social security contributions they still owe for 2016 have…
Athens expresses concern over continued demolition of houses of Greek ethnic minority in Albaniamakis - Oct 19, 2017
The Greek Foreign Ministry expressed concerns regarding the decision by the Albanian authorities to proceed with the demolition of residences…