About the property


Located at the heart of the historic and commercial centre of Athens, this building is erected at a beautiful and quiet street at the side of the central and crowded Aiolou pedestrian street. Just a few hundred meters from the main shopping street of Ermou, the Monastiraki Square and the Syntagma Square and just a short walk from the key historic sites of the city, the building’s spot is considered a great advantage and a primary reason for its transformation into a space for hospitality-oriented use.

The 1,758 sqm six-storey building constructed in the late ‘60s creates a simple, austerely designed facade. The development project will convert the building into a modern, urban hotel with 26 stylish guest rooms, and a common-use rooftop with a stunning view of the Acropolis hill.

Nestled in the heart of the Athens historic city center, on the prime Aiolou pedestrian avenue, this building is just a few hundred meters from the main shopping street of Ermou, and a short walk from key historic sites, the Greek Parliament and Syntagma Square.
In the surrounding area, dozens of trendy cafes, local tavernas, and shops combine old and new worlds, delighting the millions of tourists drawn to the city every year to visit one of the greatest symbols of Greek history – the Acropolis.
The 1,500 sqm building is characterized by classic lines, with broad windows that flood the interior with natural light. This development will convert the building into a modern urban hotel, with around 30 stylish, vibrant guest rooms, and a rooftop with a breath-taking, panoramic view of the Parthenon.

The Neighborhood

The Commercial Triangle area of Athens, is defined as the central area of the Municipality of Athens, enclosed by the squares of Syntagma, Monastiraki and Omonia. The triangle is often described as a buzzing hub, as it is in the core of the metropolitan centre holding a key position, gathering development trends, city events, corporate offices, historic public buildings, but also a whole range of commercial stores and hangout spots with popular nightlife. The Commercial Triangle acquire a retro chic style; attracting countless visitors who pour into the small boutique hotels and Airbnbs, breathing new life into the district and consequently driving up real estate values. What’s making it unique, is its pedestrianized streets and special signage, where events and multiple activities are often organized in old buildings & on the streets.

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