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Taiwan Group buys building in Venice for hotel development

 

The Taiwan based LDC Hotels & Resort Group recently bought a building in Venice with the aim to transform it in a hotel. The group already acquired two properties in Italy, the Relais Sant’Uffizio Wellness & Spa Hotel and the Relais Villa Monte Solare Hotel.**-9+-

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15 new hotels on the way in the historical center of Venice

 

In the next few months 15 hotels and 300 new rooms will join the 25,000 beds -among hotels, B&B and apartments- of the historic center of Venice. Even if the tourist presence has been the same as last year, profits are decreasing and a further price “drop” is feared. In fact, the cost per overnight stay in a standard room passed from 202.2 euros in 2011 to 196.5 euros in 2012.

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The Molino Stucky Hotel Venice for auction

 

Francesco Bellavista Caltagirone’s holding company is in liquidation and the Hilton Molino Stucky Venice, which is managed by Hilton, will go up for auction with a base cost of 300 million euros.

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