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Algebris buys Villa Igea and Grand Hotel et des Palmes in Palermo

Posted: 26 July 2018

The Hotel Villa Igea and the Grand Hotel et des Palmes of Palermo have been awarded to Algebris.

This is confirmed by the asset management company specializing in the global financial sector.

Villa Igiea goes to Algebris for €23.2 million, while the Grand Hotel et des Palmes was bought for €12 million.

The last owner was the Caltagirone group.