Annual profit at €72,000 per room in George Copos’ five-star hotels

The two hotels, owned by Ana Hotels and Athenee Phoenix Group, companies controlled by Copos, posted cumulated profit of over €15 million in 2007, similar to JW Marriot’s profit for 2006.

“We are proposing a 5-10 percent increase for both profit and revenue in 2008, because it will be difficult to surpass results in 2007,” said Friedrich Niemann, General Manager of Athenee Palace Hilton.

The five-star hotel market is expected to grow by 5 percent in 2008, from its value of some €100 million last year. Hotels owned by George Copos have 436 rooms.