Lampsa Hellenic Hotels S.A. (ATSE:LAMPS) acquired an additional 50% stake in Sheraton Rhodes Resort Hotel from Golf Residencies SA for €7.7 million on October 15, 2018. Lampsa will own the complete 100% in Sheraton Rhodes Resort post the completion of the deal. Lampsa plans to fully absorb Sheraton Rhodes by the end of 2018, seeking to achieve significant scale economies between hotels and a better coordination of administrative operation and sales operations. Lampsa Hellenic Hotels S.A. (ATSE:LAMPS) completed the acquisition of an additional 50% stake in Sheraton Rhodes Resort Hotel from Golf Residencies SA on October 15, 2018.