"We are expanding into the luxury hotel market," Aristotelis Karytinos told ered

Expected to open in summer 2022, W Costa Navarino is anticipated to mark the latest addition to the ever-expanding W Escapes portfolio in Europe following locations in Spain, Switzerland and Portugal.

The bid offered for this property was €2,351,000.

A traditional option is coming back to the fore, as a sustainable construction solution.

Buildings, plots and stake holdings in companies will be transferred to AssetsCo and its subsidiary European AssetsCo, while the consolidation plan envisages the relocation of stores and the renegotiation of rents.

B2R Law, CSWP, Dentons, CMS and Gleeds advised in this transaction.

The company said sales soared 95% in December, compared with December 2020.

The 5 star hotel is just a short journey to the Dubai Expo 2020 site, Jebel Ali free zone, and within easy reach from both Dubai and Abu Dhabi international airports making voco Bonnington Dubai the ideal location to explore Dubai, be it for business or for leisure.