The Grand Hotel, an architectural symbol of the Italian Liberty period, was built in 1905. The property consists of a basement floor, six floors and an attic with a secondary body of minor dimensions. The redevelopment project of the hotel framework will respect the original architecture and structure, with the objective of restoring all the architectural and decorative elements both inside and outside. The project foresees the realization of a wellness centre, 110 rooms (with an area of about 40 sqm), while the attic space will host services for clients. The requalification intervention of the Grand Hotel is part of the wider project of touristic and employment development in the Brembana Valley, that over the years has had other interventions on the main buildings of the city, amongst which the Thermal Centre (a wellness centre built in Liberty style), the city Casino (restored and enlarged for host meetings, congresses and weddings), the San Pellegrino S.p.A. Mineral Water warehouse and the funicular station.
San Pellegrino Terme, also called 'the pearl of the Brembana Valley ', is a sophisticated art nouveau treasure trove whose internationally acclaimed, top quality mineral water distinguish it as a perfect example of the Italian style made of art, healty foods and beveradges and nature. Although originally characterised by poverty, and rural homes, once the production of mineral water started in the 19th century, San Pellegrino developed an architecture unlike any other in the surroundings thanks by the mastery of important artist of epoch like Romeo Squadrelli. However, San Pellegrino’s history didn’t begin with art nouveau, but with 15th century relics and 18th century religious buildings before the main attractions arrived on the scene, the Casino and Grand Hotel of the Belle Époque. The construction of elegant private homes and public spaces, that offer a sensation of walking through the past, continued until the second World War and today this magic place is ready to open its doors to those who desires an unforgettable experience.
Total value of the property with the restoration / recovery completed € 50,000,000.00. Amount of investments requested: € 26,468,000.00 (including the contribution of € 3,000,000.00 from the Lombardy Region)
The expected return on investment (ROI): Minimum rental yield € 138 / sqm / year; Commercial management revenues € 4,000,000 / year
1) World brand (Sanpellegrino water). 2) Art nouveau monumental complex of international importance. 3) Program Agreement for the tourist-thermal revitalization of San Pellegrino Terme and the Brembana Valley. 4) Quality of the environment.