The building is listed (Government Gazette 185- 30/3/1989) and is located in the historical center of Athens in one of the most commercial areas of the city, on the corner of Athinas, Evripidou and Aristogeitonos streets, right next to BARVAKEIO AGORA. Comparing the yields of relevant hotels, it is concluded with an unofficial and rough estimate that for the center area, a room in a four-star unit yields with an occupancy rate of 80% (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 appropriate economic conditions for the utilization of the entire building. With these data, this property, with the exploitation of the ground floor shops and the forty rooms on the floors, is estimated to be able to yield a net income of over €600,000 per year. The required construction work for the complete restoration of the building and the configuration of the internal areas includes the following works: general demolition, reinforcement of load-bearing walls with GUNITE, new load-bearing structure, new roof, restoration of facades, coatings, floors, frames, colors, connections with public benefit organizations, while the issuance of the required building permits is also foreseen. The average cost of the above works is estimated at ? per sq.m. of horizontal surfaces.