In 1995 the building was listed as an historic monument by the Ministry of Culture, and three years later work began on plans for its reconstruction and restoration under the supervision and guidance of the 4th Ephorate of Modern Monuments in Thessaloniki.
The restoration project was very carefully designed to respect and preserve the distinctive decorative features of the old building.

The KINISSI PALACE Hotel is a 1st Class establishment located in the heart of the city's business district (at the corner of Egnatia and Syngrou streets) with a total of 49 rooms and 3 suites. Fully sound-proofed and air conditioned, all rooms have either a balcony or a window, and all are fitted with direct telephone line, internet connection, mini bar, TV with land and satellite service, Pay-TV, hair drier and safe deposit box. Room service assured.