
Reading Time: 2 minutesItaly: Real estate asset management firm COIMA SGR will acquire €54  million (£45.6 million) in existing debt on the historic Grand Hôtel des Bains in Lido di Venezia, with plans to restore the site following its closure for more than 15 years.
![[Credit: Hotel Excelsior] L+R buys Hotel Excelsior](https://boutiquehotelnews.com/wp-content/uploads/2022/08/thehotel-1-800x445.jpg)
Reading Time: 2 minutesItaly: COIMA SGR has agreed the sale of Hotel Excelsior in Venice to owner-operator London + Regional Hotels (L+R) on behalf of the Lido di Venezia II Fund (LDV II).