• Belmond buys

Belmond has paid EUR39m for a luxury resort property in Tuscany, Italy. Castello di Casole has 39 rooms on a 1,500 hectare estate, along with 48 residential plots.

The property adds to Belmond’s Italian presence, which already features Hotel Cipriani in Venice and Hotel Splendido in Portofino. The property was acquired using cash reserves.

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