Lampsa group adds third Syntagma-area hotel to its stable

Tuesday, 12 December 2017 23:49
UPD:23:50

By L. Karageorgos
lkar@naftemporiki.gr​

The Lampsa group this week announced that it was adding a third hotel on Syntagma Square to its stable through the long-term leasing of the Kings Palace Hotel, which operates on property owned by a supplementary fund of employees of the former Agricultural Bank of Greece.  

The 30-year lease includes a lease extension clause, and is valued at 1.2 million euros per year and a dividend based on a percentage of yearly turnover.

Lampsa recently finalized a purchase of the King George Hotel from Eurobank, while it manages the Grande Bretagne, which is located adjacent to the former.

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