The VIY Greater Europe
Hospitality Fund of Russian magnate Andrei Yakunin, son of the
former Russian railways chief Vladimir Yakunin, has bought a
majority stake in the company that is redeveloping the medieval
castle of Antognolla in the central Umbria region, announcing an
investment of 150 million euros over the next few years.
The project involves transforming the 560-hectare estate 20
km north of Perugia into an 18-hole golf course and the castle
into a five-star hotel.
A complex of 77 luxury villas will also be built on the
property.
The development is being overseen by the prestigious chain
Four Seasons Hotel & Resort.
"The concept behind the development of the Antognolla
estate is unique not just for the Italian market but also for
the European market as a whole," Yakunin said in a statement.
"It is one of the first projects to bring together luxury
hotels and private residences under the control of a single
international operator," he added.
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