Eagle Hills, a prominent global mixed-use development company based in Abu Dhabi, has announced its entry into the Italian market, spearheading the full restoration of the historic Grand Hôtel des Bains on the Lido di Venezia.
Under the leadership of Mohamed Alabbar, founder of both Eagle Hills and Emaar Properties, this hotel adds to a global luxury hospitality portfolio exceeding 90 properties. Eagle Hills itself owns and operates more than 35 luxury hotels, solidifying its position among the world’s leading mixed-use development companies with a presence spanning over 12 countries. Its growing portfolio extends across premier destinations in Europe, the Adriatic, the Middle East, and Africa, delivering integrated communities and iconic hospitality experiences. Alabbar, Chairman and Founder of Eagle Hills, said: “This is more than a restoration – it is a revival of European legacy through modern excellence. Venice has always been a bridge between worlds, and we are proud to be part of its future, bringing our experience in luxury hospitality to one of the most symbolic hotels on the continent.” The Grand Hôtel des Bains holds significant historical and cultural importance, often referred to as a symbol of Venice. The project is expected to bring this precious heritage asset back into prominence on the global tourism map. This move marks a strategic progression of the company's growing European footprint and reinforces its long-term commitment to revitalizing iconic destinations through world-class hospitality. The acquisition of 100 per cent of the legacy debt on the over 180-key hotel, facilitated through an agreement with lenders by COIMA SGR, paves the way for Eagle Hills to take the lead on this significant project.