Hotel for reconstruction, Tuscany, Italy

Luxury hotel. There is an access to the exclusive beach club.

The reconstruction project includes creation of a 5-star hotel with 25 rooms, a spa area with a roof-top swimming pool.

There are all necessary permissions and project documentation.

CAPEX — € 3,000,000.

The prospective price after reconstruction is € 17 mln.

Brokerage fee.

The property is located in the region of Tuscany, 800 meters from the sea.

Tuscany is located in the central part of Italy, its territory extends from the Apennine mountains to the shores of the Tyrrhenian Sea. The capital of the region is Florence. The population is about 3.8 million people.

Tuscany is widely known primarily for its wines, the most famous are Chianti, Brunello di Montalcino, Vino Nobile di Montepulciano. In addition, there are 120 natural parks.

Other agricultural sectors include livestock (in the Chianti Valley) and olive oil production, especially in the hills of Lucca.

The industry includes the production of motorcycles, scooters and aircrafts, the textile district in Prato, the petrochemical facilities in Livorno and the steel plants in Piombino.

Tourism is very important for the “Cities of Art” (Florence, Pisa, Lucca, Siena, San Gimignano) and for tourist activities on the coast and on the islands (Elba).

Important sectors of the economy are agriculture (chestnut, mushrooms (truffles), wines), animal husbandry (cows, horses), food, chemical, metallurgical, textile, petrochemical.

Also, this region is famous for its health resorts: Montecatini, Saturnia, Montepulciano, Monsummano and Bagno Vignoni.