CASTELLO DI CASOLE, TUSCANY, SOLD TO BELMOND

Belmond has acquired the 39-room Castello di Casole resort, located between Siena and Volterra, for €39 million. The 1,500-acre resort was previously operated by Timbers Hotels & Resorts and includes 48 villas. The asset was sold by the German state winding-up entity Erste Abwicklungsanstalt, which held it since 2013 and carried out a €66 million debt restructuring in 2015.

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