John Catsimatidis' Hilton Athens Hotel Interest
- Written by Maria Athens
It has been reported that Greek-American billionaire John Catsimatidis is set to acquire the Athens Hilton Hotel from Ionian Hotels, an Alpha Bank subsidiary.
According to crash magazine online and Sofocleous.gr, the hotel's selling price has been set above the company's market value; as a result Alpha Bank will generate ample capital gains from Ionian Hotel's selling shares. Ionian Hotels' capitalization is 93 million dollars, which previously was 100 million euros in the beginning of 2014, according to Athens Stock Exchange information.
Catsimatidis was born on Nisyros and immigrated to the United States when he was a baby. He grew up in West Harlem, NY and is one of the wealthiest Greeks in America. He is the CEO, owner, president and chairman of the Gristedes Foods chain and the Red Apple Group.
Source: www.crashonline.com
Related items
-
Modern elevator on the Acropolis allows access for the disabled
-
Coronavirus: 5 positive samples in travelers - Alarm for a Swede positive for the virus who took walks in Athens
-
Spectacular arrest of members of a foreign criminal organization for robberies, thefts and drugs (vid)
-
Athens closed off to cars for three months
-
Greek police find over 2kg of cocaine in stolen car in Athens