![Athens Hilton – Curtains on January 31st – Conrad is coming](https://www.ot.gr/wp-content/uploads/2022/01/Νέος-προορισμός_φωτορεαλιστική-απεικόνιση-scaled.jpg)
An iconic hotel, the Athens Hilton, closes on January 31st and is expected to reopen with a new face in late 2024.
The building complex that currently houses the hotel is being completely renovated to create a multidimensional destination with new uses, by Ionian Hotel Businesses SA, a subsidiary of the TEMES Group.
This is a strategic investment, amounting to 130 million euros, which aspires, as the company states, to contribute to the emergence of Athens as a top choice in Europe, for visits and permanent residence.
The new destination introduces a complex development model, which will include -in addition to the hotel operation- houses, a modern members’ club, multiple restaurants and themed shopping areas, creating an ecosystem of unique experiences.
The new model is expected to give significant added value to the tourist product of Athens, but also to the local economy, while it will be a factor of upgrading the wider area.
The development of the destination presupposes the radical reconstruction of the existing building in order to accommodate the new uses but also to apply best sustainable practices according to the international LEED Gold certification. The construction envisages the employment of up to 800 people, while during the operation, more than 600 employees will work there.
The reconstruction of the building complex includes:
• the creation of the new luxury hotel Conrad which will have 280 rooms and suites
• the creation of 50 luxury homes, which will operate under the brands Conrad Residences and Waldorf Astoria Residences belonging to Hilton
• the total renovation of the top floor which will host gastronomy and entertainment experiences.
• poolside extension, which was included in the original design of the 1960s
• the creation of themed commercial spaces, entertainment and wellness facilities, as well as a modern members club in areas of 5,500 sq.m.
This is a large-scale project, which will preserve the architectural heritage of the building and the timeless facades designed by Giannis Moralis unchanged and in fact will further highlight these. Work began in late 2020 on parts of the hotel which ceased operations and the entire reconstruction is expected to be completed by the end of 2024.
Due to the extent and nature of the work as well as the need to maintain the safety of employees and visitors, it is not possible to continue the parallel operation of the hotel, which will cease on January 31, 2022.
In this context, the company, taking into account multiple social and economic criteria, offers a specially designed voluntary exit program for hotel staff, which will be completed by the end of January 2022.
At the same time, those employees who wish, will have the opportunity to work after evaluation, in other tourist activities of the Group, such as the new hotel unit of Costa Navarino, as well as the hotel and other businesses that will operate within the new Athens destination at the end of 2024.
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
![ot.gr](/wp-content/themes/whsk_otgr/common/imgs/fav.ico/favicon-32x32.png)
Latest News
![ELSTAT: 1.5% Increase in Business Turnover in May 2024](https://www.ot.gr/wp-content/uploads/2024/07/epixeiriseis_2-600x414.jpg)
ELSTAT: 1.5% Increase in Business Turnover in May 2024
The most significant increase in turnover in May 2024 compared with May 2023 was recorded from the enterprises of the Accommodation and Food Service Activities, sector which grew by 14.8%.
![Cosco: Container Traffic Decline at Piraeus Port Continues](https://www.ot.gr/wp-content/uploads/2024/07/olp1-scaled-1-2048x1312-1-600x384.jpg)
Cosco: Container Traffic Decline at Piraeus Port Continues
This strategic shift has diminished Piraeus's standing as a prominent Mediterranean port and a key transshipment hub post-Suez Canal.
![Gov’t Eyes Return of Power Subsidies Amid Spike in Rates](https://www.ot.gr/wp-content/uploads/2024/07/power-lines-2048x1365-1-600x400.jpg)
Gov’t Eyes Return of Power Subsidies Amid Spike in Rates
According to reports, the government will resume an electricity subsidization program, given that forecasts cite disruptions – i.e. higher rates
![ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock](https://www.ot.gr/wp-content/uploads/2024/07/ot_georg_PROIONTA_money-1-600x352.png)
ELSTAT: 6.3% Increase in Output Price Index for Agriculture and Livestock
The 6.3% rise in May 2024 is largely driven by an 8.8% increase in the crop output group, particularly due to changes in olive oil prices, and a 0.5% increase in the animal output group.
![Balkans Blackout Highlights Climate Threats to Power Grids](https://www.ot.gr/wp-content/uploads/2024/07/blackout-1-600x457.png)
Balkans Blackout Highlights Climate Threats to Power Grids
The surge in electricity demand during the heat wave and the power deficit in Balkan markets have driven up prices in the Greek wholesale electricity market.
![Greece in Top 4 Destinations Favored by European Tourists](https://www.ot.gr/wp-content/uploads/2021/06/ploio-600x400.jpg)
Greece in Top 4 Destinations Favored by European Tourists
Greece was selected by 5.9% of respondents who were asked where they would vacation this year, up from 5.4% in the same survey last year
![Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive](https://www.ot.gr/wp-content/uploads/2024/06/euros-2048x1365-1-600x400.jpg)
Scope Affirms Greece’s BBB- Ratings; Revises Outlook to Positive
The international ratings firm raised Greece to investment grade in early August 2023
![First Seaplane Test Flights to Skopelos, Alonissos, Skyros](https://www.ot.gr/wp-content/uploads/2024/06/hellenic-seaplanes-pilotikes-ptiseis-ydatino-pedio-lavriou-600x450.jpeg)
First Seaplane Test Flights to Skopelos, Alonissos, Skyros
After decades of on-again, off-again efforts to schedule regular seaplane routes to Greece's numerous island and coastal destinations the prospect now appears within sight
![ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y](https://www.ot.gr/wp-content/uploads/2023/08/unnamed-41.jpg)
ELSTAT- Overall Import Price Index for May 2024 up 2.8% y-o-y
The same price index had decreased 20.8% from May 2022 to May 2023
![Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated](https://www.ot.gr/wp-content/uploads/2024/06/ergasia-ergazomenos-600x300.jpg)
Over 7 in 10 Employees Feel Their Contributions Are Not Appreciated
Specifically, the option "Subjective opinions are prioritized over objective data" ranked highest in importance for young employees, with a score of 3.89 out of 4