VENETIAN MANSION TO BECOME A LUXURY HOTEL
LDC Hotels & Resorts has purchased its third property in Italy. After acquiring the 25-room Relais Villa de Monte Solare and the 41-room Relais Sant’Uffiazia Wellness & Spa Hotel last year in July, the Taiwanese firm has bought a 100-year-old mansion in Venice for an undisclosed sum and intends to convert it into a luxury 30-room hotel. The hotel, which will be called the Grand Canal Palace Hotel, is scheduled to open in the first quarter of 2015. LDC is also pursuing further expansion in Europe – it has signed a memorandum of intent to acquire a hotel in Rome, and currently has three more investments under consideration.