The Azur Selection Strengthens Its Board With the Appointment of Two New Directors and Win Two Prestigious Awards

ATHENS, Greece--(BUSINESS WIRE)--Regulatory News:

The Azur Selection (ISIN: GRS528003007 - Ticker: MLAZR), a Greek hotel company listed on the Euronext Access + market in Paris, today announces the appointment of two new Directors.

The Azur Selection has strengthened its Board of Directors with the appointment of two new members, Mr Konstantinos Maridakis and Mr Dimitrios Chomatas, during its Annual Meeting of Shareholders, on October 10, 2023.

Mr. Maridakis has more than 20 years of experience with a Greek systemic bank, in various departments. He joined The Azur Selection in September 2018, where he was hired in the finance department, as Investment Officer, a position he still holds today.

Mr. Chomatas has a 30 years' experience in the financial management sector, including 20 years in senior financial management positions with well-known corporate groups such as ERGO GROUP AG, ERNST & YOUNG and GROUPE ROULLIER. He joined The Azur Selection Group in January 2021.

Georgios Arvanitakis, founder and Director-Administrator of The Azur Selection, comments: “We are very pleased to welcome Mr Maridakis and Mr Chomatas to our Board of Directors. Their financial expertise and knowledge of the Group will be invaluable in carrying out The Azur Selection's ambitious projects in Greece and France.”

All other General Meeting resolutions have been adopted: https://www.azurselection.com/investor-relations

The Azur Selection also announces that it had won the silver award as Best Greek Hotel Brand and the bronze award as Best Greek Hotel Management Strategy at the Greek Hospitality Awards, the most established event in the Greek hospitality sector. These awards underline the quality and innovative nature of The Azur Selection's hotel project.

About The Azur Selection

The Azur Selection invests in hotels and commercial real estate through a leasing and subleasing model and operates an investment management business through its subsidiaries and associated companies. The Group focuses on investing in hotels, hospitality, and real estate in selected highly commercial geographical areas in Greece, the Côte d'Azur and elsewhere.

It currently manages a portfolio of commercial real estate and hotels in Athens and on the island of Mykonos, while maintaining long-term leases with the companies or users of its properties. Its portfolio includes 5 hotels (3 are sublet to a hotel operator and 2 are fully managed), as well as a shopping center. The group is managed by experienced executives with knowledge of the Greek and international real estate markets.

Azur Selection S.A. (MLAZR) is listed on the Euronext Access + market in Paris.

https://www.azurselection.com/about-azur