Hilton will collaborate with Ionian Hotel Enterprises (IHE) to develop a new premium hotel and apartments in Athens in 2024.
In addition to the initial €145 million for property acquisition, IHE has committed more than €130 million in the project. A private lifestyle members' club, several gastronomic and entertainment venues, as well as retail and wellness experiences, will all be included in the development.
The present Hilton Athens, originally opened in 1963, will be transformed into a mixed-use property with a 280-room Conrad hotel and around 50 private homes under the Conrad and Waldorf Astoria brands.
Simon Vincent, Executive Vice President and President, EMEA, Hilton said:
For more than half a century Hilton Athens has played a pivotal role in the city’s emergence as a global destination, welcoming international guests, royalty, and captains of industry. We’re incredibly proud to continue that legacy with the introduction of Conrad Hotels & Resorts alongside Waldorf Astoria and Conrad branded residences.
Hilton’s luxury brands are on a powerful growth trajectory, with new properties opening in Sardinia, Kuwait, Tulum, Rabat, Shanghai and Los Angeles in the next year. With contemporary luxury interiors, seamless service and stunning views overlooking the ancient citadel of the Acropolis, this is set to be an incredible addition to the portfolio.
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