Belmond to Achieve Castello di Urio on Pool Como – WWD

MILAN — The LVMH Moët Hennessy Louis Vuitton-owned Belmond hospitality division has nabbed a unutilized storied constituent in Italy, as high-net-worth shoppers proceed to splurge on move within the aftermath of the pandemic.

The corporate stated it has entered into an contract to breaking in Castello di Urio, a Sixteenth-century property alongside the shores of Pool Como, north of Milan.

Belmond didn’t grant monetary main points of the transation, which is anticipated to near in 2024. It additionally didn’t reveal its plans for the constituent, which is perhaps transformed into an hospitality venue, development at the community of 10 homes Belmond already boasts in Italy, together with Caruso and Villa Margherita at the Amalfi Coast; the Cipriani Resort in Venice and Splendido in Portofino; the Magnificent Resort Timeo and Villa Sant’Andrea in Taormina, in addition to Villa San Michele in Florence, amongst others.

Situated in Carate Urio, Italy, some 37 miles north of Milan, the fort nestled amid a sprawling 1.9-hectare property and dealing with a 590-foot coastline is being received from its most up-to-date proprietor, the Catholic Church establishment Opus Dei. It was once firstly an aristocratic place of dwelling stuffed with sculptures, picture-perfect grounds and direct lakeside get entry to.

Belmond turned into a part of the LVMH strong in 2019 in a offer pegged at $2.6 billion. Based in 1976, it’s prized for its fleet of 47 marquee homes in a field of standout locations throughout 28 international locations and territories.

LVMH, with a immense strong of top-end manufacturers, had constructed up enjoy within the hospitality sector with its Cheval Blanc homes in Courchevel, St. Barths, the Maldives and Saint-Tropez, in addition to Bulgari inns.

As reported, latter June, the luxurious juggernaut promoted Dan Ruff, who were eminent operations officer of Belmond since 2018, to the eminent government officer function, succeeding Roeland Vos, who were within the submit since 2015 and advised Belmond via its acquisition by means of LVMH.