The Hellenic Public Properties Company – HPPC, a subsidiary of the GrowthFund, has completed an open electronic auction (e-auction) for the long-term lease, for 30 years, of the “Xenia Ouranoupoli,” breathing new life into a historic hotel that can now be upgraded to a luxury hotel in the heart of Northern Greece.
The tender attracted significant investor interest, with seven investment schemes participating, including six Greek and one foreign company, and the starting price was set at €240,000 per year. The company “DOMES ATTIKIS MONOPROSOPI S.A.” was declared the provisional contractor, submitting the highest bid of €826,875 per year.
The Xenia Hotel in Ouranoupoli, built in 1959 by leading architect Pericles Sakellarios, is a landmark of modern Greek architecture and a living monument to the pioneering Xenia hotel chain, which redefined the concept of Greek hospitality in the mid-20th century. Strategically located at the gateway to Mount Athos, next to the city of Ouranoupoli, the property extends over a plot of 27,817 sq.m., with 330 m of sea frontage, a private beach, a swimming pool, 82 rooms, and 16 bungalows, making it a unique destination for seaside luxury and cultural value.
With the completion of the process, the way is now open for the upgrade and full reopening of Xenia Ouranoupoli as a modern hotel complex, offering high-quality services and contributing to the tourist and economic development of the wider region of Chalkidiki and Northern Greece.
According to the relevant announcement, ETAD is systematically investing in the promotion and development of its real estate portfolio, while maintaining society and local communities at the heart of its strategy. Through the development of iconic properties such as Xenia Ouranoupoli, it contributes significantly to stimulating quality tourism, attracting investment, and strengthening the country’s entrepreneurial momentum.
