COIMA SGR, an Italian real estate investment firm, and Eagle Hills, a United Arab Emirates-based global real estate developer, have partnered to restore the historic Grand Hôtel des Bains in Venice.
COIMA has acquired 100 percent of the legacy debt on the Grand Hôtel des Bains, with plans to fully restore and modernize the iconic hotel on the Lido di Venezia. The project will be funded through the COIMA Des Bains Fund, which the COIMA ESG City Impact Fund and Eagle Hills support.
Several major Italian institutional investors, including Intesa Sanpaolo, ENPAM, Inarcassa and others, back the fund. For Eagle Hills, this marks their first investment in Italy and a strategic addition to their growing European luxury portfolio.
Grand Hôtel des Bains adds to a global luxury hospitality portfolio of more than 90 properties under Mohamed Alabbar, founder of Eagle Hills and Emaar Properties. Eagle Hills alone owns and operates more than 35 luxury hotels and stands amo
