Davis & Morgan: After Franco Mare targets L’O hotel in Como

by | Apr 22, 2024 | News

Leonardo Maria Del Vecchio, son of Luxottica’s founder, acquires, from Davis & Morgan S.p.A., the historic Franco Mare bathing establishment in Marina di Pietrasanta, just a stone’s throw from Forte dei Marmi. The transaction was conducted through Triple Sea Food holding company and represents an important new step in the revitalization of this stretch of coastline.

Franco Mare, born out of the efforts of brothers Davide e Nicola Stefanini, had become a Versilia gem in the 2000s, with a fine beach establishment and a Michelin-starred restaurant. However, the pandemic put a financial strain on it.

That’s where Davis & Morgan S.p.A., a company specializing in the purchase of impaired loans, led by CEO Andrea Bertoni, came in.
Instead of putting the plant up for auction, Davis and Morgan S.p.A. took over the mortgage loan and invested in the revitalization of Franco Mare, firmly believing in its potential.

But Davis and Morgan S.p.A. is not stopping there. Proceeds from the sale of Franco Mare will, in fact, be reinvested in another relaunch project: that of the L’O hotel in Lake Como. An operation identified thanks to Asset Finding, an innovative app developed by the same company to search for impaired loans.

With the handover of the Franco Mare and the acquisition of the L’O hotel, Davis & Morgan S.p.A. confirms itself as a major player in the revitalization of luxury real estate assets.