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The Hotel Des Bains in Venice is to get a new €150 million relaunch investment

By Monday, 30 May 2022 10:07

The Hotel Des Bains in Venice is to get a new €150 million relaunch investment. The property is one of the historic hotels on the Venice Lido, and on 5 July it will be 122 years old.


In the course of its prestigious history it has hosted the likes of Henry Ford, Robert De Niro, Liz Taylor and King Farouk of Egypt. It was also the scene of the first meeting between Benito Mussolini and Adolf Hitler. For a dozen years now it has been in a state of disrepair with part of the roof collapsed.

The numerous restoration projects presented to date have failed, and the original plan was to turn it into a residential building. But now the current owner, represented by the Milanese real estate company Coima, has come up with plans to renovate the hotel, its park, villas and beach facilities, while respecting the hotel's historical vocation.

Waiting for the agreements to be signed

Initially the idea was to invest just over €100 million, but the project, which was presented over a year ago, came to a halt. Then just a few days ago Coima announced it was committing no less than €150 million, practically a third more than previously planned.

More than half of the investment is expected to be financed by the banks, while the remaining €70 million will be put up by the Coima Esg City Impact urban regeneration fund. Now all that remains is to wait for the agreements to be signed so that work can finally begin. Although previous attempts never

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