The Greek Council of State has approved amended plans for the sale of the historic coastal hotel resort Astir Palace to consortium Jermyn Street Real Estate Fund IV LP.

Greece’s tourism industry is expected to post growth this year, Greek Alternate Tourism Minister Elena Kountoura said on Tuesday during a press conference in Athens.

With the sale of a majority stake in the Port of Piraeus to Chinese shipping giant Cosco at the center of talks, Greek Prime Minister Alexis Tsipras sealed on Monday a number of deals with Chinese officials during his five-day visit this week to Beijing and Shanghai, aiming to garner investment support.