Caravan serai is a unique residential project located in the heart of Thessaloniki. The project includes the renovation and renewal of one of the most historic and significant buildings in Thessaloniki, the building that housed the City Hall for 50 years until 2010, which combines historical features that enhance its architectural and monumental value. These days the complex is in the midst of a massive renovation, which according to estimates will last about three years until the reopening, when the building will also celebrate its 100th anniversary. The complex will be partially converted into designed apartments and the rest will be converted into a 5-star hotel managed by a leading international chain, where the ground floor will include a shop and cafes and the basement will include parking for tenants and a warehouse. As part of the renovation, the apartments will be redesigned in a modern and luxurious design, while incorporating unique historical elements. The location of the complex in one of the central and stable neighborhoods in the city gives it excellent accessibility to all the entertainment, culture and vibrant life centers of the city. A variety of restaurants, bars, cafes and fashion stores are within a short walking distance from the complex. Proximity to major attractions, restaurants, cafes and cultural centers, makes the complex ideal for residence and investment, and the proximity to the port and central transportation stations designates the complex to be used both as a tourist and as a profitable real estate.