MILANO – There’s also the billionaire Bernard Arnault -owner of the luxury giant LVMH – listed among the candidates to take over the hotel Bauer of Venice after the collapse of the Signa Group René Benko, last owner of the structure. He writes it Bloomberg explaining that the sale of the historic hotel, created in 1880, had stalled due to complex problems with the creditors of Signa.
René Benko, from attics to skyscrapers. Who is the real estate climber who climbed too high
by Flavio Bini
December 10, 2023
At present it is King Street Capital Management who is managing the sales process
of sales and entrusted the real estate investment bank Eastdil Secured the task of finding a buyer. According to Bloomberg, the property has attracted offers of more than 275 million euros, with bidders including Arnault and large real estate companies.
Signa, Benko’s gamble and the collapse of debt real estate
November 29, 2023
Last April, Signa had already reached an agreement for the sale of the property to the Schoeller group, but it was later taken over King Street to block the sale. The LVMH group already has several luxury hotels in its portfolio, including the Cipriani hotel, but it is not clear whether the offer was presented by LVMH itself or by Agache, the holding company that controls the luxury group.
