The Group acquired a site on the island of Murano in Venice for EUR32.5 million in December 2019. The project is a combination of restoration to historic structures and new build construction that will consist of 136 keys with a total gross floor area of approximately 170,000 sq. ft. The project is currently in concept design stage. The project has completed the schematic design, and piling and ground works are scheduled to commence in early 2022. Completion of the project is expected to be in the third quarter of 2024. The completion of this hotel would help to extend our prestigious Langham brand to continental Europe.
The Group acquired a site on the island of Murano in Venice for EUR32.5 million in December 2019. The project is a combination of restoration to historic structures and new build construction that will consist of 136 keys with a total gross floor area of approximately 170,000 sq. ft. The project is currently in concept design stage. The project has completed the schematic design, and piling and ground works are scheduled to commence in early 2022. Completion of the project is expected to be in the third quarter of 2024. The completion of this hotel would help to extend our prestigious Langham brand to continental Europe.
The Group acquired a site on the island of Murano in Venice for EUR32.5 million in December 2019. The project is a combination of restoration to historic structures and new build construction that will consist of 136 keys with a total gross floor area of approximately 170,000 sq. ft. The project is currently in concept design stage. The project has completed the schematic design, and piling and ground works are scheduled to commence in early 2022. Completion of the project is expected to be in the third quarter of 2024. The completion of this hotel would help to extend our prestigious Langham brand to continental Europe.