Grecotel S. A., part of N. Daskalandonakis Group, is the largest luxury hotel chain in Greece.

[4] In the years leading up to the 2004 Summer Olympics in Athens, the owners made substantial investments which however did not yield the expected results.

The investments specifically concerned the hotels in the historical center of Athens, which fell victim to chronic degradation in the wake of the financial crisis, turning into "immigrant ghettos" rife with crime, coinciding with a drop in lodging nights in hotels there.

[4] Within the Daskalandonakis family, there was a prolonged legal dispute over the control of the business, sparked by the financial difficulties, lasting from 2008 to 2017.

Founder Nikos Daskalandonakis and his daughter Mari Daskalantonaki (wife of politician Nikolaos Sifounakis) won the case against his now-ex-wife and his other two children in Supreme Court decision 1340/2017.