Louis plc on Friday announced the sale of five hotels belonging to its Greek subsidiary, Louis Hotels SA, to real estate funds managed by Blackstone.
These hotel businesses comprise the Grand Hotel and Corcyra Beach in Corfu, Zante Beach and Plagos Beach in Zakynthos and the Creta Princess Beach in Crete. They have a total of 1,464 rooms.
“Louis Hotels will continue to operate them under the management of HIP, a hospitality company owned by Blackstone funds,” the announcement said…… Read More On: Cyprus Mail
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