Tuscan 28-Key Villa + Hotel For Sale With 10 Hectares of Parkland…Scope to Expand and Upgrade
Location: Tuscany…15 km East of Florence Airport, Peretola – 25 km from Florence city
Name: TBA
Guide Price: €15m
No. of Keys: 7 rooms in the Villa plus 21 hotel rooms – two separate buildings, adjacent locations
The Opportunity:
This palatial Villa, set in 10 hectares of grounds, with massive meeting space to hold upto 1,000 people (550 seated meal), well-known for weddings, gala dinners and film shoots.
The heart of the of the Villa is represented by the Winter Garden , unique in size , versatility and beauty, it represents the perfect fusion between centuries-old tradition and refined modernity .
It is framed by the four Sala – meeting rooms unparalleled in their kind for beauty, richness of details and details of immense historical value such as the fireplaces in pietra serena , the marble floors. and ancient terracotta and cross ceilings .
The perfect half that completes the main area, which is accessed from the large windows of the Winter Garden, is represented by the large Secular Park that surrounds the entire perimeter of the Villa, enriched by a romantic lake that will give you suggestive corners perfect for every photo shoot. The hotel part of the Villa was born from a set of 17th century farmhouses transformed into a charming 3-star boutique hotel, with a unique style resulting from the encounter between the classic charming hotel and the Tuscan farmhouse.
Expansion for up to 82 rooms with approved planning to be secured plus additional 50 rooms (with no planning required) – up to 130+ keys total.
Upgrade to 4-5* possible …..some keys might be sacrificed to make the rooms 5*size.
The Villa and hotel has been under-managed by the elderly owners with their main focus on MICE – weddings/events etc. and not much else..
The hotel enjoyed an average occupancy pre-Covid rate of over 65% with peaks in season of 98%.
Revpar average of about €70 per room and annual turnover of over €500.000 (hotel only – without MICE).
There are seven employees including those on a part-time basis, plus a maintenance gardener.
About a hundred events are held a year between corporate events, congresses and gala dinners as well as weddings, birthdays and anniversaries in general. In the various rooms it is possible to host events for over 700 people seated – making it one of the largest environments around Florence and among the historic villas, in all of Tuscany. Over 80% of the events are served by in-house catering operation. The turnover generated by this is close to €1 million with 5 employees and 1 part-time. DK
Flag & Management: Free to new owner
Main Photo: Aerial view of The Villa
Financials: As above. 2019 data available upon EOI
Tenure: Freehold
Agent: Local agent in partnership with THPT
Date Posted: November 2021
THPT Comment: An interesting operation with small hotel and massive banqueting and event space…however the new owner can balance that by adding 100+ bedrooms. In the heart of Tuscany but close enough to Florence to regularly attract catering business from the city.
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