Belmond announced its acquisition of Castello di Casole, a Tuscan luxury resort, for $48 million. The property is one of several recent Italian purchases. The resort, which consists of a hotel, vineyards, olive groves, Tuscan countryside acreage and 48 residential plots, takes the name Belmond Castello di Casole. The award-winning property additionally boasts architecture from the 10th century and was once owned by Italian cinematographer Luchino Visconti.
Roeland Vos, president and chief executive officer, Belmond, commented, “I am delighted to announce the addition of the stunning and historic Castello di Casole to the Belmond portfolio. The Belmond brand continues to gain momentum and this acquisition marks the latest step in our journey towards realizing our strategic growth plan. The expansion of our global footprint is a central component of our strategy to double the company’s EBITDA by 2020. Castello di Casole complements our existing Italian portfolio of iconic hotels in Italy, with many of our discerning guests already traveling from Belmond Villa San Michele in Florence to this authentic rural hideaway in Tuscany.”
After the planned $9 million investment in refurbishment over four years, the Belmond Castello di Casole should offer spacious luxury accommodations inspired by the surrounding Tuscan region, unique guest experiences such as truffle hunting and vineyard hiking, a vaulted wine cellar, a spa and more. The expansion includes two new villas.
“Our brand has long been known for its timeless products in inspiring locations. We believe this stunning castle steeped in Etruscan history presents a compelling opportunity to build on our past experience of acquiring distinctive properties and showcasing their iconic status through strategic investment, helping to drive greater revenue, EBITDA and brand exposure. When you enter any one of our hotels, or step on board a Belmond train or cruise, you know it belongs to our family because it has a soul. Without doubt, Castello di Casole has that individual essence. It has a rich and glamorous heritage making it a natural fit for the Belmond portfolio. We are delighted to bring Castello di Casole under the Belmond umbrella in 2018,” added Vos.
Read This Next
Introducing
FX Excursions
FX Excursions offers the chance for once-in-a-lifetime experiences in destinations around the world.
#globility
Insta FeedDaily
Apr 18, 2024Fort George Hotel & Spa Transforms Belize City from Gateway to Destination
Belize City is better known as a business center and a stop en route to Belize’s lush rural destinations, but Fort George Hotel & Spa promises to change things up and reframe the nation’s capital as a destination in its own right. Located in the city’s Fort George neighborhood, the hotel debuted as the first luxury hotel in Belize City, boasting sophisticated design, elevated culinary offerings, expansive guestrooms and an inspiring wellness program. The hotel also features a branded fitness center, plunge pool and K’IN Spa.
Sponsored Content
Share Your Travel Preferences with Global Traveler in a Short Survey & Win
Learning more about our readers’ travel habits and preferences ensures Global Traveler delivers the content you desire. As the travel industry has adapted and changed over the last few years, it’s more important than ever to connect. To best meet your short- and long-term travel content needs, please help us!
Daily
Apr 18, 2024Explore the Secrets of the Distant Stars with Anantara Kihavah Maldives Villas’ New SKY Gurus
Have you ever looked up at the sky and questioned the mysteries of the universe? For travelers looking to learn more about the stars and their secrets, head to SKY at Anantara Kihavah Maldives Villas.
Daily
Apr 18, 2024Exclusive Golf and Tennis Itineraries from Kensington Tours
Kensington Tours recently announced a limited series of luxury itineraries centered on golf and tennis, including world-famous events like Wimbledon.
Sponsored Content
Reconnecting the World: GBTA Convention 2023 Spotlights the Vital Role of Business Travel and In-Person Connection
In an increasingly digital and interconnected world, the Global Business Travel Association (GBTA) Convention remains an indispensable platform for business travel industry professionals seeking to make the most of the power of face-to-face connections. Taking place August 13–15 in Dallas, the 2023 GBTA Convention provides the unique opportunity for professionals and companies to join visionaries, thought leaders and industry experts for meaningful networking, cutting-edge insights and inspiring innovation.
Bhutan
Apr 17, 2024Mindfulness City in Kingdom of Bhutan Unveiled as Future Economic Hub
In front of an audience of 30,000 Kingdom of Bhutan residents and officials, His Majesty King Jigme Khesar Namgyel Wangchuck presented his vision for a new economic hub in Bhutan. Located between India to the south and China to the north, Bhutan is one of the most beautiful destinations in the world. Bhutan came late to global tourism. It opened its borders to international visitors in 1974 and, while tourism definitely increased, residents are enduring “light” rush-hour traffic in Thimphu, its capital city, as the only Asian capital without traffic lights.
Amansara Review
eFlyer Reviews
Apr 17, 2024Regent Santa Monica Beach to Debut This Summer
Daily
Apr 17, 2024eFlyer Deals
Apr 17, 2024Birder’s Delight at Brewery Gulch Inn & Spa
Calling all bird lovers! Make for Brewery Gulch Inn & Spa in Mendocino, California, and book the all-new Birder’s Delight offer. Designed for nature enthusiasts, this offer takes two guests on a guided birdwatching excursion.
Sponsored Content
Why Buy Annual Travel Insurance?
One affordable plan can protect an entire year of trips: business or pleasure, short or long, domestic or international.
eFlyer Deals
Apr 17, 2024Love and Let Fly at Sandals, Beaches Resorts
On Feb. 24, American Airlines launched a new, nonstop flight (AA4407) to the Caribbean Riviera. To celebrate the new flight, Sandals and Beaches Resorts launched the Love and Let Fly offer, honoring both spring and a stronger connection between the Caribbean and U.S. travelers.
ShareThis