Piraeus Bank is the requesting entity and the asset's starting price was set at € 5.28 million.
The hotel operated for the first time in 1962 and for many decades was the meeting place of all secular Athens.
According to the auction report, the hotel is located in Kifissia, in the location "Patima" or "Epano Ampelia", on a plot of 7 acres.
This is a three-storey hotel with a total area of 2,435.63 sq.m., while it also includes a two-storey underground garage, roof and swimming pool.
More specifically, the ground floor has a total area of 765.98 sq.m. and consists of a reception area, a restaurant room, a kitchen, seven rooms, a meeting room, a wooden entrance and a semi-outdoor area of 207 sq.m.
The first floor has a total area of 636.33 sqm and consists of rooms with auxiliary spaces while the second floor has an area of 656.51 sq.m. In the gardens of the hotel there was a pool of 400sqm.
While the building has basements on two levels, which include car garages, with a total area of 4,667.48 sq.m., which communicate with ramps.
The hotel that belonged to the Apostolos family was sold in 2008 to the company "Kefalari Real Estate - Construction - Tourism - Hotel and restaurant centers SA", to close three years later in June 2011. For its acquisition the company Kefalari Real Estate concluded on early 2008 bond loan of € 14.7 million.