The first hotel complex with luxury apartments in Greece will be run by the Radisson Hotel Group, under the Radisson Red brand. “Radisson RED Mitropoleos Square Athens” is set to open in the second half of 2023.

The property in question is located at Mitropoleos Square, next to the Metropolitan Cathedral of Athens, in the Plaka neighborhood. The project aims to transform an existing office building into apartments of sophisticated design with the possibility of providing selected hospitality services.

In total, the Radisson RED Mitropoleos Square Athens will include 94 small apartments with kitchens, as well as a 150 square meter meeting room, a gym, and two restaurants. On the ground floor, there will be a restaurant overlooking the square, while a roof top bar and restaurant on the top floor, run by a renowned chef, will boast an Acropolis view.

The Radisson RED Mitropoleos Square Athens is the third property of the Radisson Hotel Group in the Greek capital, and the seventh in operation of under construction in Greece in total.

Elie Milky, Vice President Development of Radisson Hotel Group, said: “We are very proud of our partnership with real estate company Gnosis Investments, bringing the Radisson RED brand to the historic center of Athens. The project fills the existing gap in the Greek market, while at the same time paving the way for new investments by funds. The project will consolidate the position of Radisson Hotel Group’s in the Greek market, while our development strategy continues with the immediate goal of the company becoming one of the most powerful players in the international market. We thank our partners for their trust.”

Petros Politis, co-founder & CEO of Gnosis Investment commented: “Our goal is to create one of the most beautiful buildings in Athens, where luxury and a creative element will dominate. Developing short-term rental in Greece by offering a complete experience, we want to breathe new life to the city. We are very proud of our collaboration with Radisson Hotel Group in this unique project.”

This article was previously published in Greek at moneyreview.gr.