The project’s budget, amounting to €4 million, is funded entirely by municipal resources.

The project by the Region of Attica has a total budget of €6.4 million.

Among them is the building currently housing the offices of the Greek National Tourism Organization (GNTO) on Tsocha Street.

The listed building was constructed by silk merchant Ioannis Michalopoulos and is a characteristic example of Athenian Belle Époque architecture.

The property comprises 57 serviced apartments in a prime location.