Beni Stabili has signed a preliminary agreement for the sale of 100% of San Clemente Resort srl to Touring Hotel International. The sale, at a price of around €82m, is to be carried out at book value.
San Clemente Resort owns the island of the same name, located in the Venetian lagoon, which is home to a luxury hotel complex. The closing is expected to take place at the end of November.
"As a result of this sale," note Beni Stabili's two managing directors, Aldo Mazzocco and Massimo De Meo, "the Beni Stabili Group no longer owns any hotel properties."
Source: Beni Stabili