Italian institutional investors and an Abu Dhabi real estate developer are to invest €200 million to restore an iconic hotel in Venice after acquiring its debt.
Italian real estate fund manager Coima said it had reached a deal with the lenders over the legacy debt attached to Grand Hôtel des Bains, a famous hotel on the Lido di Venezia that has been closed for more than 15 years.
A €200m restoration project will be undertaken with funding from COIMA Des Bains Fund, a vehicle jointly backed by Coima ESG City Impact Fund and developer Eagle Hills.
Source: realassets.ipe.com on the 16 June 2025
https://realassets.ipe.com/news/coima-and-abu-dhabi-developer-to-invest-200m-in-iconic-venice-hotel/10131080.article