A Qatar’s Sheikh, named Hamad bin Jassim Al-Thani, has purchased the historic San Domenico Palace Hotel in Taormina, Sicily.
The ex-Dominican monastery is set to be sold for about 52.5 million euros, including the management of the hotel. Several investors had presented offers for the hotel in a tender that closed on December 18, Catania daily “La Sicilia” reported. The 52.5 million offer was below a minimum sought of 53.377 million euros. Lawyers therefore still need to give final approval for the deal, which is expected to be decided by the end of March.
Donate