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ASTIR PALACE

ΑΝΑΓΥΡΟΥΝΤΟΣ & ΒΑΡΗ

Company

ASTIR PALACE

Sector

Ξενοδοχεία

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Company profile

Astir Palace Vouliagmeni S.A. ("Astir") is a hospitality market leader with a history of over 50 years during which it became a luxury destination. The company is currently undergoing a major redevelopment of its portfolio, including the re-launch of the hotel as the Four Seasons Astir Palace Hotel Athens, the upgrade of Astir Marina and Astir Beach, the development of up to 13 high-end villas and the creation of the Peninsula Park.

Astir is committed to the highest standards of service whilst redefining the ultimate guest experience. The company's vision is driven by its fundamental principle to safeguard the destination's legacy and enhance its profile as an international destination of high-end tourism.

The company was acquired by Jermyn Street Real Estate Fund IV LP ("Jermyn Street") in October 2016 in a transaction that valued Astir's share capital at €444 million. Jermyn Street, advised by London-based AGC Equity Partners, is an investment fund whose investors comprise two sovereign state funds from Abu Dhabi and Kuwait, other Arab investors and the Turkish Dogus Group.

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