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The Statuto group takes over the Le Ginestre Hotel

Tuesday, 10 May 2022 10:44

The hotel Le Ginestre has changed hands, having been snapped up by Slhre Fin 1, headed by Giuseppe Statuto, a real estate developer who already owns the Danieli in Venice, as well as the Mandarin in Milan and two Four Seasons: one in Milan and the San Domenico Palace in Taormina.

Competing with Qatar-based Smeralda Holding

The sale of the Le Ginestre puts an end to the ambitions of Enrico Meneghetti. The Italian-Swiss London based financier had announced his intention to bring the two brands Delano and Rosewood to the Costa Smeralda to compete with historic properties belonging to the Qatar-based Smeralda Holding, a €150 million operation that included the acquisition of the Ginestre, as well as the Palme di Liscia di Vacca. 

The Liscia di Vacca to reopen in summer 2024

Le Palme was sold shortly before Christmas 2021 to the international investment company Sixth Street, which boasts a portfolio of assets worth $60 billion including shares in Airbnb, Spotify and the San Antonio Spurs. The Liscia di Vacca hotel should reopen in summer 2024 after its planned renovation. However, it is not yet known under which brands the two hotels will operate in the future.

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