About the property

Inside Piraeus’ most picturesque neighborhood, in the Kastella hill, what used to be a historic hotel will be totally renovated in order to host 30 brand-new apartments, for short and medium-term rentals. A communal rooftop offers an impressive view to the marina and the deep blue Aegean Sea and completes the building’s offerings to its guests.

The building’s location inside the most privileged neighborhood of Piraeus along with the fact that Piraeus, the main port of Athens, is quickly revitalizing, attracting big scale development projects from investors from all over the world are important factors that contribute to its increasing value and popularity among prospective tenants.

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

Piraeus is one of the largest passenger and cargo ports in the world situated only 10 kms from the Athens city centre. It is conveniently connected to both the centre & airport by all means of transport. Currently, Piraeus is under a huge regeneration scheme, where multiple commercial and residential projects are about to emerge, creating many working positions, thus increasing the affordable residential demand. The extension of the port, along with the opening of multiple office building hubs and the arrival of major key industry players (Cosco, Teleperformance, Alpha Bank, Hilton, Prodea etc.), driving further Piraeus regeneration.