Greek shipping magnate George Prokopiou has acquired the entire share capital of the Astir Palace Vouliagmeni hotel group, a luxurious seaside resort in the Athens Riviera with a rich history.
Prokopiou acquired the remaining 70 percent of Astir Palace from the Arab shareholders of the Jermyn Street Real Estate Fund.
The Greek shipowner had already acquired 33 percent of the company in October 2023, from the Turkish group Dogus Group for approximately 150-200 million euros.
Prokopiou: From ships to marinas, real estate and now the Astir Palace
In addition to ships, Prokopiou has also turned his investment interest to Greece in recent years, having made strategic investments.
In addition to real estate, the Greek shipowner has acquired Olympic Marine, in Lavrio, where in addition to the Marina, he also builds pleasure boats. He also has investments in the Ellinikon Project, while he is also claiming the port of Lavrio.
On the other side of the Saronic Gulf, in the industrial zone, Prokopiou has acquired the Skaramangas shipyards, which are the largest shipyards in the country and one of the largest in the Eastern Mediterranean.
Moreover, the shipping group of the Prokopiou family has a fleet of approximately 130 ships in the water, while it has a giant shipbuilding program underway for 110 ships (LNG carriers, tankers and bulk carriers).
Born in Athens in 1946, George Procopiou has founded Sea Traders S.A. in 1974, Dynacom Tankers Management Ltd in 1991 and Dynagas Ltd. in 2004. Holding a degree in Civil Engineering from the National Technical University of Athens (NTUA), he has managed over the years a shipping fleet of more than 500 vessels, since first entering the shipping business in 1971, by purchasing one-third of a vessel.
Since 2002, he has built more than 135 vessels in collaboration with shipyards in Japan, South Korea, and China. According to Forbes, his net worth is currently $2.6 billion.
Astir Palace in the Athens Riviera
Known for its beautiful setting with pine trees, private beaches, and stunning views of the Aegean Sea, Astir Palace has undergone renovations and expansions to maintain its status as a top luxury resort.
It offers a range of luxurious rooms, suites, and bungalows, many with private pools and sea views. Multiple restaurants and bars serving diverse cuisines, including Greek, Italian, and international dishes.
Astir Palace includes several swimming pools, a spa, a fitness center, tennis courts, and a private beach.
It now operates as the Four Seasons Astir Palace Hotel Athens, combining the legacy of the Astir Palace with the renowned Four Seasons brand. It has a long-standing reputation for its exceptional service, luxurious accommodations, and beautiful surroundings.
It continues to be a sought-after destination for travelers seeking a high-end experience in Greece.