ATHENS: American hotel giant Marriott International will pull out of Athens after a 30-year run, a local representative for the hotel said on Friday.

"We had a 30-year contract which runs out on Dec. 31. After discussions, both sides agreed not to renew," Andreas Meletiou told AFP.

"The hotel will continue to operate directly from its parent company, ASTY S.A.," he added.

On its website, the Athens Ledra Marriott said: "Please be advised that as of Dec. 31, 2013 the hotel will no longer operate as a Marriott."

The luxury hotel is situated on the central Syngrou avenue, close to the Greek capital's city center.

Slogging through a sixth straight year of recession and with little progress in cutting red tape, Greece has labored to attract investors.