Fund VIY Greater Europe Hospitality Fund, whose co-founder is the son of ex-head of Russian Railways Andrey Yakunin, will invest 150 million euros in the reconstruction project of the Italian Antognolla in Umbria. The farmstead comprises in particular the castle of the XI century, according to “Vedomosti”.
According to the newspaper, the Fund completed the acquisition of a majority stake of the company owning the project, and now plans to equip on-site luxury hotel and residential property.
In particular, it is assumed that there will be a five-star hotel and residential complex on 77 houses,” and besides — restaurants, tennis courts, Spa complex and Golf course.
Read more about house Yakunin, Jr. in London.
Andrey Yakunin, through their representatives stated that the project will be unique for Europe, as it would combine a hotel and apartments managed by an international operator. “Vedomosti”, referring to last year’s report of the company, assuming that they will be the Four Seasons network.
The experts interviewed by the publication, noted that investments in the reconstruction of historical buildings in Europe pay off very long because of the large number of constraints in the process, so these expenses can be viewed primarily as a way to preserve capital.
Note that hotel business Andrei Yakunin was engaged in Russia, in this connection, the head of FBK Alexei Navalny suspected of Railways in preferences provided by his business. Yakunin-senior, however, denied such a connection.
In recent years, Andrei Yakunin lives in London and has the right to receive citizenship of UK. According to some political analysts, his attempt to do so, and led to the resignation of Vladimir Yakunin from the post in the Railways.
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