The Hotel Castello (also known as Castello Mimbelli) was Corfu's most famous hotel from 1957 until the late 1970s, when it ceased operations. It is located in Kato Korakiana, a short distance from the area of Dassia. The building is the original 19^th- century tower of the Polyla family, which received its final form between 1890 and 1905, when it was reconstructed by the Italian Baron Luca Giovanni Mimbelli. In 1940, during the Greek-Italian War, the building was requisitioned by the Greek state and used as a military hospital. After the war, ownership was permanently transferred to the Greek state, and in 1958, it was leased to businessman Spyros Bouas, who converted it into a hotel called Castello. In 1982, the property was transferred to the State Real Estate Company. Since then, it has remained closed, situated in a 75-acre lush park. In 2013, the Hellenic Property Development Fund launched a tender for the sale of the property, which ended in 2017 with the declaration of the Fais Group and Bluehouse partnership (50-50) as the preferred investor. The contract was signed in 2020, and the renovation and redevelopment of the property are expected to begin.