Historic Lakefront Borgo with Restaurant & Hospitality – Lake Bolsena

A historic hospitality complex set in the hills between Lake Bolsena, Tuscany and Umbria (Viterbo province, Lazio), combining a fully operating restaurant and short/mid-stay accommodation. The property traces its origins to the 13th century, built over the remains of a Roman villa, and has served historically as an agricultural and administrative center. Today it comprises ~4,000 sqm of restored historic buildings across ~4.5 hectares, including 8 furnished apartments (20–32 beds), a 50-cover restaurant, a pool, a historic park, an 8,000 sqm vineyard producing wine under Italy's oldest DOC, and a 4-hectare olive grove, all supporting a strong, internationally recognized brand with a loyal Northern European client base.

The business generated ~€350,000 in revenue and ~€180,000 in EBITDA (~51% margin) in its most recent year, with average occupancy of ~40% and seasonal peaks of 95–100% between July and September. The asking price of €3.3M (~18.3x EBITDA) sits below the property's estimated real estate value of €3,500,000, meaning the operating business is effectively priced in at a discount to the underlying asset. Identified expansion levers — wellness/spa development, event and conference space (200–300 guests), and additional room capacity — could scale annual revenue toward ~€1M, positioning the asset for buyers seeking an iconic, already-operating hospitality property with clear repositioning upside and asset-backed downside protection.