The tech billionaire reportedly has plans to turn the property, known as Castello di San Giorgio, into a hotel.
Subscribe to RR1 Live+ for exclusive virtual events all year long , conversations with Robb Report editors, special perks, and more.Paul Allen’s Historic Villa in the South of France Has Been Sold to a Hedge Fund Billionairereal estate company, meaning there’s a chance that the tech billionaire turned hotelier could turn the building into a luxury resort.Heather Graham Just Rolled into Snazzy Midcentury L.A.
The fortress-like structure was used for military defense during the Roman Times because of its elevated position; however, it was later abandoned, seen today. Also known as Portofino Castle, the ancient European spread measures 12,917 square feet, and it even sports an elevator that will bring you directly down to the beach.Kevin Britland/Education Images/Universal Images Group via Getty Images
Portofino, which is perched on Italy’s northwest coast, has long been a popular hideaway for jet setters, entrepreneurs, and celebs. Fashion designers Domenico Dolce and Stefano Gabbana famously have villas there, while Leonardo DiCaprio,, and Jennifer Lopez have all visited the colorful fishing village, not to mention it’s where Kourtney Kardashian and Travis Barker got married at Villa Olivetta. in the Four Seasons Hotel chain from Saudi Prince al-Waleed bin Talal in a $2.2 billion deal.
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