709453 | Italy LUXURY HOTEL, GOLF & SPA RESORT IN TUSCANY A

Italy LUXURY HOTEL, GOLF & SPA RESORT IN TUSCANY A RENOVATION PROJECT FOR A BOUTIQUE HOTEL AND VILLAS IN TUSCANY 1,687 Acres (683,0 Hectares)

LUXURY HOTEL, GOLF & SPA RESORT

The development opportunity consists of:

• A luxury internationally branded hotel consisting of 110 rooms and suites in the old Borgo and Castillo .

• An 18-hole golf course in the valley below the Castle;

• Branded Residential (12,602m2) including new-build golf villas, and the restoration of 26 charming pod ere;

• A luxury hotel (5*) through the creation of a high-end Wellness Spa in the Terme ,

• All this surrounded by about 900 hectares of agricultural area for the production of organic food to

serve the Hotels.

• Two top-international operators with highly visible and

regarded brands have issued Expressions of Interest.

These brands are fully suitable both for the hotel

operation and have demonstrated track record on the

branded residential side.

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The core of the resort will be the converted this Resort.

Preliminary plans show potential for 75 guestrooms in the main

building, plus an additional 35 guestrooms in the nearby

CATEGORY MIX NO. NIA PERKEY

Standard 30% 33 39 –48M2

Superior 52% 57 49 –55M2

Suites 18% 20 57 –151M2

TOTAL 100% 110

The Resort is an exclusive luxury

The development opportunity located in the heart of Tuscany.

The Development Group

Studio and OM3 have joined forces for this and other projects in Italy.

Studio has over 35 years of experience in real estate and hospitality

development in Tuscany, including among others two Hapimag projects. OM3

has over 21 years of experience in hotel development and has developed over

EUR 1.3 billion of international hospitality properties on three continents.

Among others, the group is currently developing a project similar to this one

on the Costa del Sol in Spain and a Ritz-Carlton hotel in Lima(Peru).

• Project Characteristics

• Borgo e Castello, luxury hotel

• Branded Residential

• Golf Clubhouse

• Hotel 5-star Terme

Total built up area

15.050 m2

12.602 m2

1.300 m2

5.466 m2

35.039m2

Project Investment

Land acquisition € 28.140.000

Soft Costs € 28.876.000

Construction € 89.383.000

FF&E and OS&E € 21.362.000

Financial costs during construction € 3.121.000

Contingency € 4.265.000

Total investment € 175.146.000

Note: To move forward: 

• -  Buyer / Buyer Rep to sign asset specific NCND/MFA 
• -  Buyer to submit Non-binding LOI and POF to connect with seller.