Grivalia Hospitality, a leading investment company in the field of luxury hospitality, has completed the process of transferring headquarters from Luxembourg to Greece.
This strategic move proves in practice the confidence of both the Management of Grivalia Hospitality and its institutional shareholders in the prospects of further development presented by the Greek economy and in particular the tourism sector, but also in the macroeconomic stability of the country.
It is noted that it is the first transfer of headquarters completed from abroad to Greece, with all the necessary procedures successfully implemented within the set schedule.
This is a decision completely in line with the company’s overall strategy to focus exclusively on the development of the luxury hotels and resorts market in Greece.
The first transfer of headquarters from abroad
Regarding the transfer of the company’s headquarters to Greece, Mr. Giorgos Chrysikos, Chairman & CEO of Grivalia Hospitality noted that it was a strategic decision that we have been methodically preparing for 2 years, as we recognize the significant growth prospects presented by Greece in all sectors and especially in the sector of ultra-luxury tourism.
Grivalia Hospitality was founded in 2015 and Fairfax, Eurolife, Eurobank and Grivalia Management participate in its share capital.
Today the company’s portfolio (Amanzoe, One&Only Aesthesis in Asteria Glyfadas, ON Residence, Avantmar in Paros, etc.) includes iconic ultra-luxury tourism projects with a value exceeding 510 million euros and when those under development are completed, this value will exceed 1.1 billion euros.
Latest News
JP Morgan Remains ‘Bullish’ on Greek Banks
JP Morgan reiterated its analysis of DTCs, prompted by Piraeus Bank’s plan to accelerate their amortization
Source of Wealth Declarations for Greek Public Officials Made Easier
Source of wealth declarations are designed to improve transparency and prevent corruption among Greece's public officials. Yet 98% of Greeks still believe corruption is widespread in the country, according to Eurobarometer.
Greece’s Labor Market Slack Among Highest in EU
Greece ranks 4th in EU for labor market slack, mostly due to high unemployment levels, and has widest gender gap in the EU.
Livestock Crisis Threatens Greek Feta
Feta in particular, is Greece’s primary dairy export, with 65% of production going abroad.
Moldova’s Sandu Wins Second Term amid Meddling Claims
According to the Central Election Commission, with 98% of votes counted, Maia Sandu led with 54.35% to Alexandr Stoianoglo’s 45.65%
Attica Wins ‘Best Greek Hospitality Region’ at 2024 Awards
The Greek Hospitality Awards, now in their tenth year, are one of the premier tourism industry events at the European level
Greece Takes Command of EU’s Operation ASPIDES in Red Sea
The defense minister also visited the Greek frigate Spetsai, which is participating in Operation ASPIDES, while in the port of Djibouti
Brain Gain: Returning Greeks Drive Innovation and Growth in IT and Key Sectors
The profile of the returnees to Greece reveals that 67.6% have families, and 52% have children
New Regulations Target Airbnb Rentals in Greece with Safety and Quality Standard
Additionally, a new ranking system for tourist accommodations based on sustainability criteria is expected to be introduced
Piraeus Port Authority: Net Profits Exceed 70mln€ in Jan-Sep 2024
All indices rise in third quarter of 2024 compared to corresponding period of 2023