"Koima" and"Eagle Hills" They agree to revive a hotel "Grand Outl de Ban" Icon
Milan, June 16 / WAM / The company “Koima SGR”, which specializes in investing, developing and managing real estate assets for institutional investors, announced the conclusion of an agreement with a group of lenders to acquire the entire debt owed to the historic “Grand Utel de Ban”, in a move paving the way for a comprehensive restoration project for this iconic landmark in the LEDO de Venice region.
The restoration and modernization project will be funded by the “Coima Des Bains” fund, a new investment tool supported jointly from the “Coima ESG City Empak” fund, the largest national fund to rehabilitate cities in Italy, and Eagle Hills Real Estate Development and Investment, based in Abu Dhabi.
The “Coima Esg City Impact” Fund includes a number of institutional investors, including Casa Forenes, Anchasa, Cassa de Communisti, Antisa San Paulo, Compaan de San Paulo and the Badova E Rovogo Foundation, the Monte de Bashi de Siena and Video Vita Foundation.
This partnership is the first entry of Eagle Hills to the Italian market, in a move that strengthens its expansion in Europe and confirms its commitment to reviving historical destinations through high -end hospitality projects. The Grand Hotel de Pan is added to the Eagle Hills International Hospitality Wallet, which includes more than 90 properties under the leadership of Mohamed Al -Abbar, the founder of Eagle Hills and Emaar.
Eagle Hills alone has more than 35 luxury hotels, and is one of the most prominent multi -use real estate development companies in the world, where they are found in more than 12 countries, and its growing portfolio covers distinctive destinations throughout Europe, the coast of Adriatic, the Middle East and Africa; It offers integrated societies and distinguished hospitality experiences.
Eagle Hills in Europe is developing more than 30 luxury projects for hospitality, whether in the operating or construction phase, and it focuses especially on the Adriatic coast, especially in Croatia and Albania, and one of its most prominent achievements is the restoration of the Bristol Hotel in the Serbian capital, Belgrade.
The “Coima Esg City Impact” fund is focused on the rehabilitation of urban areas and the re -use of existing buildings in a sustainable way that achieves a positive social and environmental impact, and one of its most prominent projects is the development of the railway square Porta Romana in cooperation with the Brada and Kofivio Group, in addition to the village of the athletes of the Milan Winter Olympics 2026, in cooperation with Casa Deepziti E Brestte and Antisa San Paolo, which will turn after games into the largest student housing complex dedicated in Italy.
The Sustainability pioneer, Federico Marcite, the founder of the “Yoox Net-A-PhORTER” group, also participates in the “Coima Des Bains” box with a minority share through his “MAVIS” investment company.
Koima and Igel Hills also intends to open the fund to institutional investors and other professionals to support the revival of the Lido de Venice region, which hosts the Venice Film Festival.
According to this deal, the “Coima Des Bains” fund acquired a nominal value of 54 million euros for the hotel, from “Intesa Sanpaolo” and from “ALTEA SPV”, which is a driver who bought the debt segment that was originally owned by the “Unicredit”, which is supported by Christophson Rob and its partnership “CRC”, while Brelaus Credit is responsible for providing credit services.
This agreement allows the launch of the Koima plan to invest about 200 million euros in the restoration and modernization of the hotel completely, and to revive a symbol of the “Bill Ebok” era in Venice.
The plans include the restoration of the closed hotel for more than 15 years, and its conversion to a modern luxury resort in addition to improving the park and the public areas surrounding the iconic building, in addition to starting to rehabilitate the waterfront, while the partners will now start communicating with the official authorities in Venice to develop the restoration program.
Mohamed Al -Abbar, Chairman and founder of Eagle Hills, said that the project is not limited to restoration, but rather a revival of a European legacy through contemporary excellence.
For his part, Manfredi Katella, founder and chairman of the Koema Company, said that the Grand de Ban Hotel is a symbol of Venice, recognized globally, and a valuable part of the Italian cultural heritage, and that working with public institutions in the Venice will immediately start to develop a program that brings back a decent place on its decent position on the map of global tourism.
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