The Pav\u0103l brothers, owners of Dedeman Bac\u0103u, intend to acquire the Grand Hotel in Gardone, located on the shores of Lake Garda in northern Italy. Pav\u0103l Holding and Apex Alliance have entered the final phase of negotiations.<\/p>\n
The new owners plan to reopen the hotel in June and conclude the current season before undertaking major renovations to upgrade the hotel to five-star status.<\/p>\n
The hotel, which opened its doors in 1884, is currently closed. The building features 167 rooms, and its facade directly faces Lake Garda.<\/p>\n
This marks the Pav\u0103l brothers’ first publicly announced international acquisition and their entry into a new segment: hospitality.<\/p>\n
Brothers Drago\u0219 and Adrian Pav\u0103l, the owners of Dedeman, have reached the top spot on the Forbes list of the wealthiest Romanians. The two brothers have a fortune of 13 billion RON and, alongside their DIY distribution chain, hold investments in the real estate sector.<\/p>\n
Where is the hotel located?<\/strong><\/p>\n The Grand Hotel is located in Gardone, on the shores of Lake Garda in northern Italy.<\/p>\n Who are the buyers of the property?<\/strong><\/p>\n The acquisition is being made by Pav\u0103l Holding (owners of Dedeman) in partnership with Apex Alliance.<\/p>\n What are the renovation plans?<\/strong><\/p>\n Following the current season, the new owners intend to carry out major renovations to elevate the 167-room hotel to a five-star rating.<\/p>\n","protected":false},"excerpt":{"rendered":" The Pav\u0103l brothers, owners of Dedeman Bac\u0103u, intend to acquire the Grand Hotel in Gardone, located on the shores of Lake Garda in northern Italy. Pav\u0103l Holding and Apex Alliance have entered the final phase of negotiations. The new owners plan to reopen the hotel in June and conclude the current season before undertaking major…<\/p>\n","protected":false},"author":0,"featured_media":91449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2859],"tags":[2903],"thb-sponsors":[],"class_list":["post-116117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stirea-editiei-en","tag-apex-alliance-en"],"article_style_override":"on","post-style":"style2","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2020\/02\/topstory.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/116117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=116117"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/116117\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/91449"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=116117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=116117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=116117"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=116117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}