Lowenstein family invests in costa San Giorgio

Lowenstein family invests in costa San Giorgio

Former Vittorio Veneto barracks in costa San Giorgio will be converted into a luxury hotel by the Lowenstein family, owners of the Cafaggiolo Medici villa.

bookmark
Wed 25 Jan 2017 9:27 AM

The former Vittorio Veneto barracks in costa San Giorgio will be converted into a luxury hotel. The land in question extends over more than three hectares and the building dates back to the year 1000, a product of two monasteries. Until 1998 it was the headquarters of the Military Health School.

 

The Lowenstein family is behind the development, having recently acquired the property. The family also owns the Cafaggiolo Medici estate in the Mugello and runs the real estate firm Lionstone. Illustrious projects feature in their portfolio, including the Ritz-Carlton Hotel Company, South Beach, Hilton Hotel Curaçao and EPIC Residences & Hotel.

 

 

A rendering of the new hotel complex proposed by 5+1AA architecture firm

 

 

The development, managed by Marzocco Investment & Development, is set to cost 160 million euro and will provide employment for 300 people once the hotel opens.

 

 

 

Diana and Alfredo Lowenstein

 

 

At a press conference Alfredo and Diana Lowenstein explained their reasons for investing in Florence. “Choosing Tuscany was a choice made out of love because the beauty and variety of the region, the extraordinary wealth of the artistic and cultural patrimony of its cities have always fascinated us. It was love at first sight 50 years ago, when we spent our honeymoon here in Florence…”

 

Work will begin in the spring and the hotel is expected to open in 2020.

Related articles

NEWS

Public transport in Florence and Tuscany becomes contactless

Visa cardholders can ride for free from April 10 to May 5, 2024.

NEWS

Sephora opens flagship store in via dei Calzaiuoli

Highlights include make-up services and just-released beauty ranges.

NEWS

Changes at the Uffizi

Paperless ticketing, evening and the occasional Monday openings

LIGHT MODE
DARK MODE