From Ansamed
"At one of the most difficult stages yet of the economic crisis engulfing Greece, which is now in its fifth year of recession, the country's hotel sector, once of the world's most flourishing, is weighed down by bleak forecasts, particularly amid negative expectations for next summer.
Around 10% of hoteliers have stated their intention to sell their shares through estate agencies, specialised web sites and investment channels, as Giorgios Tsakiris, the head of the Greek Chamber of Hotels, has explained to the Kathimerini newspaper. This means that around 1,000 hotels in the country, both big and small, are expected to be put up for sale in the near future."
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