2021nov 02

CEE LEGAL MATTERS: Bahas Gramatidis & Partners Advises Marriott on Thessaloniki Hotel Agreement

Bahas, Gramatidis & Partners has advised Marriott International on a set of agreements with Michaniki Environment for the operation of a new five-star 100-room hotel in Thessaloniki.

According to the firm, the hotel will be a part of Marriott’s Autograph Collection, represents a EUR 15 million investment, and will be operated by Ledra Hotels & Villas, of the Spanos Group.

Founded in 1927, Marriott International operates over 7,000 properties across 131 countries. Michaniki Environment is a real estate development and construction company. Ledra Hotels & Villas is a Greek hospitality group of companies.

The Bahas, Gramatidis & Partners team was led by Partner Yanos Gramatidis.

The firm could not provide further information on the deal.

First published: CEE LEGAL MATTERS / 29 October 2021 by Teona Gelashvili.
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