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Palermo: Coldwell Banker Commercial sells the three “pearls” hotels in the city

Posted: 15 November 2018

In the city of Palermo there is a revival phase for the Grand Hotel Villa Igiea, the Grand Hotel et Des Palmes and the Excelsior, three historic hotels.

The sale of the Grand Hotel Villa Igiea to the luxury brand Rocco Forte & family has just ended, for an amount of 25.5 million, an operation that marks the doubling of the group in Sicily.

The purchase negotiation for the Grand Hotel et Des Palmes was concluded by the investment fund Algebris for an amount of 12 million, while the company Luxury Private Properties Srl, owned by the Giotti family (already owner of the Des Étrangers of Syracuse), awarded the Excelsior for 8.8 million.