As the world emerges from the shadows of the pandemic, luxury travelers are once again seeking extraordinary experiences, and Belmond, a subsidiary of the prestigious LVMH Moët Hennessy Louis Vuitton conglomerate, is answering the call. Belmond has recently announced a significant acquisition in Italy that promises to elevate the allure of Lake Como.
Belmond has officially inked an agreement to acquire the historic Castello di Urio, a 16th-century estate that graces the shores of Lake Como, a gem located just north of Milan. While the financial intricacies of this deal remain confidential, the acquisition is slated for finalization in 2024. Although Belmond has yet to divulge its specific plans for this majestic property, expectations are high that it will be transformed into a luxurious hospitality haven.
This strategic addition to Belmond’s portfolio further solidifies the brand’s foothold in Italy, a country renowned for its rich cultural heritage and breathtaking landscapes. Italy already plays host to an impressive network of ten Belmond properties, each contributing to the brand’s reputation for providing unforgettable experiences. Among these Italian jewels are renowned establishments like Caruso and Villa Margherita on the enchanting Amalfi Coast, the legendary Cipriani Hotel in Venice, the splendid Splendido in Portofino, and the opulent Grand Hotel Timeo and Villa Sant’Andrea in Taormina.
The newly acquired Castello di Urio, nestled in the serene town of Carate Urio, Italy, sits approximately 37 miles north of the vibrant city of Milan. This magnificent castle, set within a sprawling 1.9-hectare estate, proudly stretches along a 590-foot shoreline. The transition of ownership from the Catholic Church institution Opus Dei to Belmond brings new promise to a property steeped in history. Originally conceived as an aristocratic residence, the castle is adorned with sculptures, impeccably manicured gardens, and offers direct access to the mesmerizing lakeside.
Belmond itself became a cherished member of the LVMH family in 2019 when it was acquired in a deal valued at $2.6 billion. Founded in 1976, Belmond has earned a stellar reputation for curating a collection of 47 remarkable properties situated in iconic destinations across 28 countries and territories.
LVMH, known for its illustrious stable of luxury brands, has extended its expertise into the realm of hospitality with its Cheval Blanc properties, renowned in destinations like Courchevel, St. Barths, the Maldives, and Saint-Tropez, as well as its prestigious Bulgari hotels.
This expansion comes on the heels of a significant leadership change within Belmond. Last June, LVMH appointed Dan Ruff as the new Chief Executive Officer of Belmond, succeeding Roeland Vos, who had served in this role since 2015 and had skillfully guided Belmond through its acquisition by LVMH.
As the world reopens to travel and exploration, Belmond’s latest acquisition promises to add yet another chapter to the brand’s legacy of delivering unparalleled luxury experiences in some of the world’s most captivating destinations.