Money Review
The historic Hilton hotel in the center of Athens is changing its name. From 2024 it will be known as Conrad after the new agreement signed by the Hilton Group and the Ionian Hotel of the Konstantopoulos family.
Hilton Athens first opened its doors in 1963 as the first international chain hotel in the country and since then has contributed significantly to the emergence of Athens as a top tourist destination.
130 million euros will be invested in the existing Hilton to create 280 rooms and suites, as well as about 50 private residences. In addition to the main hotel, it will also include private apartments, a members-only club, multiple restaurants, and themed shopping areas.
In this way, the luxury brands of Hilton, Conrad Residences and Waldorf Astoria Residences will have a presence in Greece, continuing their expansion in Europe.
The Hilton-Konstantopoulos agreement further strengthens the partners' close cooperation and highlights the long-term presence of the hotel group in Greece.
The Hilton Athens first opened its doors in 1963 as the first international chain hotel in the country and since then has contributed significantly to the emergence of Athens as a top tourist destination.
The new investment amounting to 130 million euros from the Ionian Hotel Group is in addition to 145 million euros, the amount paid for the acquisition of the building.
"Our goal is to create an innovative city destination that will dynamically connect Athens and its inhabitants with the rest of the world," said Achilles. V. Konstantakopoulos, head of Ionian Hotel SA.
Moreover, "After six decades of Hilton presence in Greece and collaboration with the group founded by Conrad Hilton, we are now excited to call it by its first name: Conrad."
"Athens is a city that perfectly meets the needs of the modern traveler who seeks luxury. With a long history, connected with culture and entertainment, it is the right place to host the brand Conrad Hotels & Resorts in Greece ", stressed Dino Michael, vice president and head of Global Category of Hilton Luxury Brands.
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