Hilton has partnered with Ionian Hotel Enterprises (IHE) to open a new luxury hotel and residences in Athens, expected to open in 2024.

The existing Hilton Athens, which first opened its doors in 1963, will undergo a €130 million redevelopment programme to transform it into a mixed-use development comprising a 280-room Conrad hotel and approximately 50 private residences under the Conrad and Waldorf Astoria brands.

IHE has invested over €130 million in the project, in addition to the initial €145 million for the property acquisition. The development will also include a private lifestyle members’ club, multiple culinary and entertainment venues, and shopping and wellness experiences.

Simon Vincent, Executive Vice President and President, EMEA, Hilton said:

“For more than half a century Hilton Athens has played a pivotal role in the city’s emergence as a global destination, welcoming international guests, royalty, and captains of industry. We’re incredibly proud to continue that legacy with the introduction of Conrad Hotels & Resorts alongside Waldorf Astoria and Conrad branded residences.

“Hilton’s luxury brands are on a powerful growth trajectory, with new properties opening in Sardinia, Kuwait, Tulum, Rabat, Shanghai and Los Angeles in the next year. With contemporary luxury interiors, seamless service and stunning views overlooking the ancient citadel of the Acropolis, this is set to be an incredible addition to the portfolio.”

IHE Chairman Achilles V. Constantakopoulos added:

“Ionian Hotel Enterprises is developing a new city destination that aspires to connect the world to this vibrant capital and its people. We are honored and excited to extend our partnership with Hilton and we are confident that the legacy of Hilton Athens along with the global expertise of Hilton will contribute significantly towards making this new destination a successful contributor to the city’s growth.”