We originally provided technical due diligence advice to the developers, Dimand S.A. / EBRD, before being appointed to act as lenders technical advisor to Alpha Bank for the redevelopment of an existing office building to provide a 200-bedroom Moxy (by Marriott) hotel.
Located opposite Omonia Square in Athens, this former office building – previously owned by the Army Pension Fund and Athens Armed Forces Officers Club - will be converted into a modern, integrated city hotel.
The existing building will undergo a complete strip-out and extended structural reinforcement works in order to be redeveloped into a city hotel with 200 guests-rooms across eight floors, plus two basement storeys.
An area of approximately 350 square metres will be used for retail space on the ground floor.