GREECE: Lazart Hotel Thessaloniki Has Been Leased To Zeus International For 25 Years

Greek hotel management and consulting company Zeus International on Tuesday announced that its lease of the Lazart Hotel in Thessaloniki has been renewed for 25 years.

Recently acquired by NBG Pangaea Real Estate Investment Company for 7 million euros.

The Lazart Hotel is located very close to the heart of the city, opposite the renowned cultural center Moni Lazariston, and offers luxurious accommodation in its 74 spacious rooms.

According to an announcement, in less than a year’s operation of the Lazart Hotel, Zeus International managed to record high occupancy levels and the desired financial results.

This attracting the interest of leading investor NBG Pangaea to acquire the property from Madison Point Hotels.

Acknowledging the significant contribution of Zeus International to the promotion of Lazart Hotel as one of the best city hotels in Thessaloniki and its experience in the management and operation of such units.

NBG Pangaea is renewing the lease for the next 25 years, the company said.


Tourism Observer