The historic Grand Hotel in Riccione was sold at auction
Two participants, who needed 16 bids to get to the awarding of the historic Grand Hotel in Riccione, built in 1929 on the seafront on commission from the Milanese entrepreneur and commendatore Luigi...
The Grand Hotel in Riccione, built in 1929, has been sold at auction for over 29.3 million euros. The hotel, which had been at the centre of a disputed inheritance and a financial investigation, was initially listed for 24.864 million euros. The buyer, a Rimini-based SRL, will finalise the purchase unless a higher bid is received within 10 days.
The hotel had been managed by Gianni Andreatta until its bankruptcy in 2023, and was subsequently seized by the Rimini Public Prosecutor's Office in July following an investigation into fraudulent bankruptcy.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
