#Latest news with #GrandHotelDesBainsBloomberga day agoBusinessBloombergDevelopers Plan Venice Hotel Revival After Debt BreakthroughDevelopers have struck a deal with lenders including a hedge fund to end a decade-long impasse over an historic Venetian hotel, paving the way for a €200 million ($232 million) restoration. Italian developer and asset manager COIMA and Abu Dhabi's Eagle Hills have agreed to buy legacy debts with a nominal value of €54 million held against the Grand Hotel des Bains in Venice, according to a statement on Monday.
Bloomberga day agoBusinessBloombergDevelopers Plan Venice Hotel Revival After Debt BreakthroughDevelopers have struck a deal with lenders including a hedge fund to end a decade-long impasse over an historic Venetian hotel, paving the way for a €200 million ($232 million) restoration. Italian developer and asset manager COIMA and Abu Dhabi's Eagle Hills have agreed to buy legacy debts with a nominal value of €54 million held against the Grand Hotel des Bains in Venice, according to a statement on Monday.
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