The Belle époque is reborn in Venice

Perhaps we will see 19th century style long dresses, white lace and silk again, perhaps we will see pretty little umbrellas open for strolling undisturbed in the sun. Perhaps more brides will be photographed barefoot on the sand in front of the sea in the sunset light. We will certainly see a strong flow of tourists with “robust” wallets from all over the world who really love beauty and style. If we then talk about Venice, every feeling of romanticism and poetry is amplified. Money well spent we might say. So make way for finance if it is worth it: an agreement worth 200 million has been found to revive the early 20th century dream of the Hotel des Bains on the Lido.
In detail, COIMA SGR, a company active in the investment, development and management of real estate assets on behalf of institutional investors, has finalised an agreement with credit institutions for the purchase of 100% of the historic Grand Hotel des Bains' outstanding debt, paving the way for the complete restoration of the iconic hotel on the Venice Lido.
"The transaction foresees COIMA Des Bains Fund acquiring the credit with a nominal value of 54 million euros guaranteed by the hotel, Intesa Sanpaolo Compagnia di San Paolo, Fondazione Padova e Rovigo, Fondo Pensione Monte dei Paschi di Siena and Fideuram Vita, and by Eagle Hills, an Abu Dhabi-based real estate development and investment company led by Mohamed Alabbar, chairman and founder of Emaar", explains a press release. "In partnership with COIMA, Eagle Hills' entry into Italy represents a strategic evolution of its growing presence in Europe and strengthens its long-term position in redeveloping iconic destinations through world-class hospitality".
Hotel des Bains joins a global luxury hospitality portfolio of more than 90 properties, under the leadership of Mohamed Alabbar, founder of both Eagle Hills and Emaar Properties. 
Eagle Hills owns and manages more than 35 high-end hotels and ranks among the world's leading mixed-use development companies, with a presence in more than 12 countries. Its portfolio covers destinations in Europe, the Middle East and Africa, offering iconic experiences. In Europe, Eagle Hills is developing a portfolio of more than 30 luxury hospitality assets, both operational and under construction, with a strategic presence along the Adriatic coast, particularly in Croatia and Albania. A key stop is the recently restored Bristol Hotel in Belgrade, Serbia an architectural landmark reborn as a timeless luxury destination.