Hundreds Of Greek Hotels Up For Sale

Hundreds of hotel owners have recently resorted to trying to sell their units, research by Kathimerini has found, with at least 5 percent of Greek hoteliers having placed ads in popular specialized websites over the last 40 days to sell their assets.

The number of sellers is far greater when taking into account ads published earlier last year, while many other hoteliers are choosing different means to promote their hotels for sale.

This trend highlights the flip side of Greek tourism: While there was an all-time record in arrivals from abroad last year – benefitting specific tourism destinations and hotels – there is also a great number of mainly small and medium-sized hotels that face serious sustainability issues.

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