The building is located in one of the most central and touristic areas of the city of Lisbon, the Chiado neighbourhood. The building, once headquarters of Rádio Renascença, was totally rebuilt in 2021 to become a 5-star hotel, the "The Ivens Hotel", managed under the brand "Autograph Collection Hotels" by Marriott. The property has close to 7.900 m2 of Gross Building Area, distributed over 10 floors, 3 of which are underground. In 2021 was distinguished in two categories in the BPI Expresso/Sic Notícias real estate awards:"Rehabilitation and Reconstruction Award-Tourism" and "Interior Architecture Award-Tourism". In 2017 it won the "SIL Real Estate 2017 in Urban Rehabilitation" award, in the Offices category.
