Latest news with #GrandHôteldesBains
Scottish Sun
14 hours ago
- Entertainment
- Scottish Sun
Iconic hotel loved by major celebs to finally reopen after 15 years with new £170million revamp
And two other UK hotels undergoing multi-million renovations ROOM FOR MORE Iconic hotel loved by major celebs to finally reopen after 15 years with new £170million revamp Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) AN iconic hotel on the European seaside is set to reopen after 15 years. Grand Hôtel des Bains in Venice first opened in 1900, with 180 rooms for the "seaside elite". Sign up for Scottish Sun newsletter Sign up 4 Grand Hôtel des Bains opened more than 100 years ago Credit: 4 However it closed back in 2010 Credit: 4 The beachfront is also being revamped Credit: Alamy Built on the Lido of Venice, it was forced to close back in 2010, with previous plans to turn it into luxury apartments. However, a new €200million (£170million) investment hopes to reopen the hotel. The project is being backed by Italian developer and COIMA and Abu Dhabi's Eagle Hills, behind a number of resorts in the Middle East and Africa. Not only will the hotel be restored, but the nearby parks and beachfront will be renovated as well. Mohamed Alabbar, Chairman and founder of Eagle Hills, said: "This is more than a restoration – it is a revival of European legacy through modern excellence. "Venice has always been a bridge between worlds, and we are proud to be part of its future, bringing our experience in luxury hospitality to one of the most symbolic hotels on the continent." One of the first famous guests to visit was Thomas Mann, who was inspired to write Death in Venice while there. The hotel was then even used to shoot the film in 1971. It also hosted the International Film Festival in 1932, with guests such as Liz Taylor and Robert de Niro attending as well as Audrey Hepburn and Marlon Brando. Roma producer David Linde said it was the "place to be seen, to do your thing" in the film industry. New European Sleeper Train Route Goes Through 15 Destinations He also said it was a "significantly more intimate and concentrated version of Cannes". Along with nearly 200 rooms, there was also a solarium and a private underground tunnel that went straight to the beach. Another hotel undergoing a huge renovation is The Grand Brighton. The £16million revamp of the hotel is set to be complete this year, after celebrating its 160th anniversary last year. There is also the Roslin Hotel, undergoing a £10million revamp. Otherwise the Sun's Deputy Travel Editor has stayed in hundreds of hotels - here are her favourites.
The Irish Sun
14 hours ago
- Entertainment
- The Irish Sun
Iconic hotel loved by major celebs to finally reopen after 15 years with new £170million revamp
AN iconic hotel on the European seaside is set to reopen after 15 years. Grand Hôtel des Bains in Venice first opened in 1900, with 180 rooms for the "seaside elite". Advertisement 4 Grand Hôtel des Bains opened more than 100 years ago Credit: 4 However it closed back in 2010 Credit: 4 The beachfront is also being revamped Credit: Alamy Built on the Lido of Venice, it was forced to close back in 2010, with previous plans to turn it into luxury apartments. However, a new €200million (£170million) investment hopes to reopen the hotel. The project is being backed by Italian developer and COIMA and Abu Dhabi's Eagle Hills, behind a number of resorts in the Middle East and Africa. Not only will the hotel be restored, but the nearby parks and beachfront will be renovated as well. Advertisement Read more on hotels Mohamed Alabbar, Chairman and founder of Eagle Hills, said: "This is more than a restoration – it is a revival of European legacy through modern excellence. "Venice has always been a bridge between worlds, and we are proud to be part of its future , bringing our experience in luxury hospitality to one of the most symbolic hotels on the continent." One of the first famous guests to visit was Thomas Mann, who was inspired to write Death in Venice while there. The hotel was then even used to shoot the film in 1971. Advertisement Most read in News Travel It also hosted the International Film Festival in 1932, with guests such as Liz Taylor and Roma producer David Linde said it was the "place to be seen, to do your thing" in the film industry. New European Sleeper Train Route Goes Through 15 Destinations He also said it was a "significantly more intimate and concentrated version of Cannes". Along with nearly 200 rooms, there was also a solarium and a private underground tunnel that went straight to the beach. Advertisement Another hotel undergoing a The £16million revamp of the hotel is set to be complete this year, after celebrating its 160th anniversary last year. There is also the Otherwise the Sun's Deputy Travel Editor has stayed in hundreds of hotels - here are her favourites. Advertisement 4 It will also restore the hotel beachfront Credit: Alamy
Mid East Info
18 hours ago
- Business
- Mid East Info
COIMA, IN PARTNERSHIP WITH EAGLE HILLS, AGREES DEAL WITH BANKS TO UNLOCK €200M RESTORATION OF ICONIC VENICE HOTEL
Milan, June 2025 – COIMA SGR, a leader in the investment, development and management of real estate assets on behalf of institutional investors, has finalised an agreement with lenders to purchase 100% of the legacy debt on the historic Grand Hôtel des Bains, in a move that paves the way for the full restoration of the landmark hotel on the Lido di Venezia. The project to restore and modernise the hotel will be financed through the COIMA Des Bains Fund, a new investment vehicle jointly backed by the COIMA ESG City Impact Fund – Italy's largest national urban regeneration fund – and Eagle Hills, a real estate development and investment company based in Abu Dhabi. The COIMA ESG City Impact Fund brings together a range of institutional investors, including Cassa Forense, ENPAM, Inarcassa, Cassa dei Commercialisti, Intesa Sanpaolo, Compagnia di San Paolo, Fondazione Padova e Rovigo, Fondo Pensione Monte dei Paschi di Siena, and Fideuram Vita. Partnering with COIMA, Eagle Hills' entry into Italy represents a strategic expansion of its growing European footprint and reinforces its long-term focus on revitalizing iconic destinations through world-class hospitality. Grand Hôtel des Bains adds to a global luxury hospitality portfolio of over 90 properties under the leadership of Mohamed Alabbar, founder of both Eagle Hills and Emaar Properties. Eagle Hills alone owns and operates more than 35 luxury hotels and stands among the world's leading mixed-use development companies, with a presence in over 12 countries. Its growing portfolio spans premier destinations across Europe, the Adriatic, the Middle East, and Africa—delivering integrated communities and iconic hospitality experiences. In Europe, Eagle Hills is advancing a portfolio of more than 30 luxury hospitality assets, both operational and underway with a strategic presence along the Adriatic coast, particularly across Croatia and Albania. A key milestone in this growth is the newly restored Bristol Hotel in Belgrade, Serbia – an architectural landmark revived as a timeless luxury destination within the Belgrade Waterfront. The company's expansion into Italy reinforces a natural progression of Eagle Hills' commitment to preserving heritage, connecting communities and creating exceptional destinations. The investment program also reflects a strong vote of confidence in Italy's political stability and economic development, particularly in the hotel and tourism sector. It follows the official visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan in February 2025 and highlights the deepening of collaborative ties between Italy and the United Arab Emirates. The COIMA ESG City Impact Fund is focused on urban regeneration and on the sustainable reuse of existing buildings, delivering positive social and environmental impact. Projects backed by the fund include the regeneration of the Porta Romana Railway Yard in partnership with Prada Holding and Covivio, as well as the 2026 Winter Olympics Athletes' Village in Porta Romana, in partnership with Cassa Depositi e Prestiti and Intesa Sanpaolo, which will become Italy's largest purpose-built student accommodation development after the Games. Federico Marchetti, entrepreneur in the sustainability sector and founder of YOOX Net-A-Porter Group, participates to the COIMA Des Bains Fund with a minority stake through its investment company Mavis. COIMA and Eagle Hills will also consider opening the Fund to other institutional and professional investors, with the goal of supporting the regeneration of the Lido di Venezia, home to the Venice Film Festival. The deal sees COIMA Des Bains Fund acquiring the loan with a nominal value of €54m held against the hotel, from Intesa Sanpaolo and Altea SPV, a securitization vehicle which bought the tranche of debt originally held by UniCredit and whose noteholder is CRC (Christofferson, Robb & Company) with Prelios Credit Servicing covering the role of servicer. The debt agreement unlocks COIMA's plans to invest circa €200m in the complete restoration and modernisation of the hotel, bringing what was once a monument to Venice's Belle Époque splendour back to life. Under the plans, the hotel – which has remained closed for over 15 years – will be sensitively restored, renovated and returned to use as a modern high end resort hotel. The plans will also see the improvements to the park and public realm surrounding the iconic building, as well as restoration and modernisation of the beach front, which is already underway. The partners will now engage with Venice's public institutions to agree on the restoration programme. The Grand Hôtel des Bains opened in 1900 with 180 rooms and was conceived as a luxurious seaside retreat to attract Europe's elite. Celebrated for its grandeur, the hotel became a symbol of modernity and opulence, and gained literary fame when Thomas Mann stayed there in 1911, inspiring his novella Death in Venice, which was later adapted into a film shot on-site in 1971. Over the decades, it hosted aristocrats, artists, and celebrities, especially during the Venice Film Festival when it was a favoured destination for film stars. However, the hotel has been closed since 2010 when the previous owner, Est Capital, abandoned plans to transform the historic building into luxury apartments. Mohamed Alabbar, Chairman and founder of Eagle Hills, said: 'This is more than a restoration – it is a revival of European legacy through modern excellence. Venice has always been a bridge between worlds, and we are proud to be part of its future, bringing our experience in luxury hospitality to one of the most symbolic hotels on the continent.' Manfredi Catella, COIMA founder and CEO, said: 'This first partnership with Eagle Hills, following an extensive exploration of investment opportunities, represents an important step forward and a meaningful sign of the strengthening relationship between Italy and the United Arab Emirates, following the meeting between Italy's Prime Minister Giorgia Meloni and His Highness Sheikh Mohamed bin Zayed Al Nahyan. The Grand Hôtel Des Bains is a symbol of Venice recognised around the world and a treasured part of Italy's cultural heritage. We will promptly begin working with Venice's public institutions to put a programme in place that restores the Des Bains to its rightful place on back on the global tourism map .' COIMA: COIMA is a specialist in the investment, development and management of Italian real estate assets, focused on delivering an ESG impact. COIMA Holding controls a range of operating companies including COIMA SGR, an investment & asset management firm which manages over 40 real estate investment funds with more than €13 billion in investments; COIMA REM, a development and property management company which has dedicated 50 years developing and managing properties which now spans a total of over 5 million square metres; and COIMA HT which aims to enable the digitalization of physical spaces. The COIMA ESG City Impact Fund is focused on the sustainable reuse of existing buildings, delivering positive social impact through urban regeneration. Projects backed by the fund include the 2026 Winter Olympics Athletes' Village in Porta Romana, Milan, which will become Italy's largest purpose-built student accommodation development after the Games. Eagle Hills: Eagle Hills, an Abu Dhabi-based private real estate investment and development company, is focused on creating mixed-use lifestyle communities, world-class hospitality assets, and flagship destinations with a global reach across the UAE, Europe, the Middle East, and Africa. Today, Eagle Hills owns and operates more than 35 luxury hotels and leads some of the largest mixed-use developments across 12 countries. The company has established itself as a key force in reviving, restoring, and creating iconic landmarks—shaping premier destinations across key international markets At the core of Eagle Hills' vision is a commitment to masterplanned developments that generate long-term, sustainable value while driving meaningful economic impact. Each project integrates residential, commercial, tourism, and hospitality components, with a strong emphasis on enhancing infrastructure and fostering vibrant, connected communities.
Al Etihad
18 hours ago
- Business
- Al Etihad
COIMA, Eagle Hills partner to unlock €200m restoration of iconic Venice hotel
16 June 2025 13:08 MILAN (WAM) COIMA SGR, a leading Italian real estate investment and asset manager, has finalised an agreement to acquire 100 percent of the legacy debt on the historic Grand Hôtel des Bains, paving the way for the full restoration of the landmark property on the Lido di project will be financed through the newly launched COIMA Des Bains Fund, backed jointly by the COIMA ESG City Impact Fund – Italy's largest urban regeneration vehicle – and Abu Dhabi-based Eagle Hills, a global real estate investment and development COIMA ESG City Impact Fund includes institutional investors such as Cassa Forense, ENPAM, Inarcassa, Intesa Sanpaolo, and others. Eagle Hills' entry into Italy marks a strategic expansion of its European portfolio and reinforces its focus on reviving iconic destinations through luxury Grand Hôtel des Bains joins Eagle Hills' global portfolio of over 90 luxury hospitality company, under the leadership of Mohamed Alabbar, owns and operates more than 35 hotels, with projects across Europe, the Adriatic, the Middle East, and Africa. Notable assets include the restored Bristol Hotel in Belgrade, Serbia, within the Belgrade Waterfront investment in Venice underscores growing confidence in Italy's political stability and tourism sector, following the official visit of President His Highness Sheikh Mohamed bin Zayed Al Nahyan in February also reflects strengthening UAE-Italy bilateral COIMA ESG City Impact Fund focuses on urban regeneration and sustainable reuse of buildings. Its initiatives include the Porta Romana Railway Yard redevelopment with Prada Holding and Covivio, and the 2026 Winter Olympics Athletes' Village, which will later become Italy's largest student accommodation Federico Marchetti, founder of YOOX Net-A-Porter Group, has also invested in the COIMA Des Bains Fund through his company, Mavis. COIMA and Eagle Hills may open the fund to further institutional and professional investors to support broader regeneration across the Lido di Venezia, home to the Venice Film fund has acquired a €54 million loan held against the hotel from Intesa Sanpaolo and Altea SPV, which had purchased the debt tranche originally held by UniCredit. CRC (Christofferson, Robb & Company) is the noteholder, with Prelios Credit Servicing acting as agreement enables COIMA to invest approximately €200 million in restoring and modernising the Grand Hôtel des Bains. Closed since 2010, the hotel will be transformed into a high-end resort while retaining its historical character. The redevelopment also includes enhancements to the surrounding park and beachfront, with work on the latter already in 1900 with 180 rooms, the Grand Hôtel des Bains was a luxurious retreat frequented by Europe's elite. It gained literary fame when Thomas Mann stayed there in 1911, inspiring his novella Death in Venice. The hotel later featured in the 1971 film adaptation and became a regular host to aristocrats, artists, and celebrities during the Venice Film Festival. Previous redevelopment plans by Est Capital were abandoned in and Eagle Hills will now coordinate with Venice's public authorities to finalise the restoration and founder of Eagle Hills, Mohamed Alabbar, said, 'This is more than a restoration – it is a revival of European legacy through modern excellence. Venice has always been a bridge between worlds, and we are proud to be part of its future, bringing our experience in luxury hospitality to one of the most symbolic hotels on the continent.' COIMA founder and CEO, Manfredi Catella, added, 'This first partnership with Eagle Hills, following an extensive exploration of investment opportunities, represents an important step forward and a meaningful sign of the strengthening relationship between Italy and the United Arab Emirates, following the meeting between Italy's Prime Minister Giorgia Meloni and His Highness Sheikh Mohamed bin Zayed Al Nahyan. The Grand Hôtel Des Bains is a symbol of Venice recognised around the world and a treasured part of Italy's cultural heritage. We will promptly begin working with Venice's public institutions to put a programme in place that restores the Des Bains to its rightful place on back on the global tourism map.'
