On one corner of the Platia Vallianou is the Ionian Plaza Hotel. Three additional hotels anchor the remaining corners. Surrounding the rest of Argostoli’s main square are restaurants, cafes and taverns. This area is the social epicenter of town by day and the entertainment hub at night. It is also where most of the island’s festivals, parades and concerts occur. The square is named after Panagis Vallianou who was a generous local philanthropist. A statue of him sits in the center of the square.