PORTO HELI, Greece—For 20 years, the building had been an empty eyesore on the shores of this picturesque bay. Unable to keep up with the changing times, the 1970s-era hotel went bust, was seized by creditors, and eventually shut its doors in the mid-1990s.
Today, Greece's newest ultrachic, five-star hotel stands out on the location like a dazzling, postmodern sculpture visible from miles around.......
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