The heroes betting on Athens

Investors who put their money into Athens hotels surely deserve the title of hero. That is not to say that the Greek capital doesn't have a lot of potential - quite the opposite - but those who have worked hard and continue to do so in order to revive and modernize the city's hotel infrastructure must be feeling very lonely.

This thought passes through my mind every time I walk past one of the latest arrivals. In Omonia Square I raise my eyes in awe at the Athens Tiare Hotel, at the top of Pireos Street. At Karaiskaki Square, I bow to the Wyndham Grand, and in Syntagma, which is a much better area than the other two, I give a nod of support and understanding to the Electra Metropolis on Mitropoleos Street. These are the heroes of an uneven battle, from which they will come out as winners, though.

However, there remains the huge issue of the different forces at play,...

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