Talking about real estate investments in Italy, and in particular in Stresa today, necessarily means talking about the start of the renovation works of Villa Ostini, an operation that has not gone unnoticed. Begun at the end of 2019, they are now in full swing and are proceeding at a rapid pace. The intention of the owner, a foreign entrepreneur who wanted to keep his identity confidential, is to complete them by the end of 2020 to open its doors in 2021.
On the real estate investment front in Stresa, this is only the latest in a series of renovations and modernizations that have seen the redevelopment of various structures. We are talking, for example, about the renovation of the Fontana hotel, the expansion of the Des Iles Borromées hotel, and other smaller projects that are confirming investors' interest in our territory.
The villa takes its name from the Ostini family of the same name, who are not new to the real estate sector. In fact, there is another Villa Ostini in the Novara area, whose name to be precise is Villa Castiglioni Orsini. It is a former castle, built way back in 1260 and transformed into the current villa only during the 18th century. This, after having belonged to several families, was purchased by the Ostini family.
Villa Ostini will then become a beautiful luxury hotel, which will house 15 suites equipped with every comfort and dedicated to the most exclusive clientele. When the renovation work is finished, the offer and accommodation capacity of Stresa will increase further, confirming the primacy of hospitality on Lake Maggiore.
On the real estate investment front in Italy, Lake Maggiore, and Stresa in particular, continue to confirm themselves as a point of reference for a demanding clientele accustomed to a certain type of residence. All this is also thanks to the wealth of luxury villas for sale on the Piedmont coast, and with wonderful views of our Lake Maggiore and the incomparable Borromean Islands.
All that remains is to wait for the renovation of Villa Ostini to be completed, to finally be able to admire another splendid architectural jewel in all its splendor. As it should be for a luxury property of this level.
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