The building is a listed building (Government Gazette 185- 30/3/1989) located in the historic centre of Athens in one of the most commercial areas of the city at the corner of Athinas, Evripidou and Aristogitonos Streets, right next to the BARVAKEIO AGORA. Comparing the yields of related hotels, an informal and rough estimate shows that for the downtown area a room in a four-star unit yields 80% occupancy (292 days of occupancy X 70€ average daily rental estimate = 20,440€ gross flow). The upgrading of the area, its commerciality and the need to accommodate visitors to the city are gradually creating the right economic conditions for the exploitation of the entire building. Under these conditions, this property, with the exploitation of the ground floor shops and the forty rooms on the floors, is estimated to generate a net income of more than 600,000 € per year. The construction work required for the complete restoration of the building and landscaping of the interior includes the following works: general demolition, reinforcement of the load-bearing masonry with GUNITE, new load-bearing structure, new roof, restoration of facades, coatings, flooring, window frames, paintwork, connections with public utilities, and the issue of the necessary building permits. The average cost of the above works is estimated at ? per m2 of horizontal surfaces.