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Goldman Sachs Scraps Hotel Brand Expansion Plan in Greece
1 day ago /
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Author：小编
Goldman Sachs had originally envisioned launching a hotel brand in Greece, acquiring three beach resorts in northern Greece in 2022 with the aim of renovating and managing them. Nevertheless, the project was beset by delays, cost overruns, and mismanagement, prompting Goldman Sachs to sell these hotels at nearly break-even prices this spring. Consequently, the bank has shelved its plans to expand its hotel brand in the Mediterranean region. Despite the project's failure to meet anticipated returns, Goldman Sachs affirmed its commitment to maintaining its investment banking and asset management operations in Greece.
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