The building is listed (Government FEK 185- 30/3/1989) and is located in the historic center of Athens, in one of the city's most commercial areas, on the corner of Athinas, Evripidou, and Aristogeiton streets, right next to the VARVAKIO MARKET. Comparing the returns of similar hotels, an unofficial and rough estimate shows that for the downtown area, a room in a four-star hotel yields 80% occupancy (292 days of occupancy x €70 average daily rental estimate = €20,440 gross revenue). The upgrading of the area, its commercial appeal, and the need to accommodate visitors to the city are gradually creating the right economic conditions for the exploitation of the entire building. Given these facts, it is estimated that this property, with the exploitation of the ground floor shops and the forty rooms on the upper floors, can yield a net income of over €600,000 per year. The construction work required for the complete restoration of the building and the configuration of the interior spaces includes the following: general demolition, reinforcement of load-bearing masonry with GUNITE, new load-bearing structure, new roof, restoration of facades, plastering, flooring, window frames, painting, connections to public utilities, and the issuance of the necessary building permits. The average cost of the above work is estimated at € per square meter of horizontal surface area.