Hotel Investment Partners (HIP), a prominent owner of resort hotels in Southern Europe, has announced the addition of the Grand Hyatt Athens to its growing portfolio.
This iconic five-star hote Grand Hyatt, located in the heart of the Greek capital, is the latest acquisition in a strategic expansion that highlights HIP’s commitment to Greece, one of Europe’s fastest-growing tourist destinations. The purchase was made by funds managed by Blackstone from Henderson Park and Hines.
The Grand Hyatt Athens, a symbol of elegance and modernity, underwent a complete renovation in 2023, elevating its position as one of the city’s most desirable luxury accommodations. With 548 rooms and 56 suites, the hotel offers a harmonious blend of sophistication and comfort. Guests can unwind in its state-of-the-art spa and fitness center or take in stunning views of the Acropolis from the rooftop terrace, which features two swimming pools and an exquisite restaurant.
This property not only caters to leisure travelers but is also a premier choice for business and events, thanks to its extensive MICE (Meetings, Incentives, Conferences, and Exhibitions) facilities. Boasting 4,435 square meters of space, the hotel includes 30 versatile meeting rooms and a grand ballroom capable of hosting up to 2,550 attendees. These modern facilities make it one of Europe’s leading destinations for congress tourism, perfectly balancing leisure and professional needs.
In addition to its luxurious amenities and functional design, the Grand Hyatt Athens is a trailblazer in sustainability. It is the only hotel in the city to have earned the esteemed BREEAM “Very Good” certification, an international benchmark that reflects its commitment to eco-conscious operations.
BLACKSTONE’S HOTEL INVESTMENT PARTNERS (HIP)
With this acquisition, HIP continues to strengthen its foothold in Greece. The company’s portfolio now includes ten hotels across key destinations such as Corfu, Crete, Rhodes, Zante, and Athens, totaling 2,641 rooms. The Grand Hyatt Athens joins a distinguished roster of properties under HIP’s management, each strategically located to appeal to a diverse array of travelers.
Since its founding in 2015, HIP has focused on transforming undercapitalized properties into world-class destinations. Owned by funds managed by Blackstone and GIC, HIP currently oversees 71 resort hotels and over 22,000 rooms in Greece, Spain, Italy, and Portugal. The company collaborates with leading global brands such as Hyatt, Hilton, Marriott, and Ritz-Carlton to deliver exceptional guest experiences and elevate the hospitality standards of the regions where it operates.
The Grand Hyatt Athens exemplifies this vision, combining unparalleled luxury, exceptional functionality, and a strong commitment to sustainability. Whether for leisure or business, it offers guests a unique opportunity to experience the best of Athens, complemented by world-class amenities and breathtaking views of the city’s historic landmarks. With this latest addition, HIP solidifies its reputation as a transformative force in the European hospitality sector.
GRAND HYATT ATHENS: A LUXURIOUS LANDMARK IN THE HEART OF THE CITY
The Grand Hyatt Athens is an iconic five-star hotel offering a blend of modern luxury and historic charm. Located in the heart of Athens, it provides unparalleled views of the Acropolis from its rooftop pools and restaurant. Recently renovated in 2023, the hotel features 548 rooms and 56 suites, state-of-the-art wellness facilities, and extensive MICE spaces, including a ballroom with a capacity of 2,550 guests. Recognized for its sustainability, it holds the prestigious BREEAM “Very Good” certification.
Originally known as the Athens Ledra, this historic building underwent a major transformation in 2018, becoming part of the esteemed Grand Hyatt portfolio. Its rooftop restaurant, wellness center, and proximity to iconic attractions make it a standout destination for leisure and business travelers alike.
With its acquisition by HIP, the Grand Hyatt Athens now joins HIP’s impressive portfolio of ten Greek properties across premier destinations such as Corfu, Crete, and Rhodes. This expansion underscores Athens’ rising status as a global travel hub.
ABOUT HENDERSON PARK
Henderson Park is a leading international private equity real estate fund manager. Since its formation in 2016, the firm has invested over $14 billion in building a portfolio of flagship real estate assets, with a presence in major cities and capitals in the United States, UK and Europe. Hotels represent c.40% of Henderson Park’s global portfolio with a total of over 10,500 rooms across the UK, Greece, France, Ireland, Spain and the US. The business holds a strong conviction in the hospitality sector, and the Greek market in particular, where it has four resort hotels in Crete.
Henderson Park’s strategy is to target high quality assets in prime locations where it can identify the potential for unlocking or creating value through asset management and sustainability improvements, or by taking on and working in complex situations. The company’s current portfolio is diversified across sectors including multifamily, hospitality, student housing, logistics, office and retail, including several real estate development projects. Henderson Park strives to work and build long-term strategic relationships with the best local partners.
ABOUT HINES
Hines is a leading global real estate investment manager. They own and operate €86.9 billion1 of assets across property types and on behalf of a diverse group of institutional and private wealth clients.
