NCTM Studio Legale assisted the Monrif subsidiaries E.G.A. Emiliana Grandi Alberghi and Immobiliare Fiomes in entering into a preliminary agreement with the Fattal Hotels Group - the largest hotel chain in Israel – for the sale of Hotel Hermitage in Milan.

The agreement provides for the sale of both the property and the hotel business.  The value of the transaction, which is scheduled to be completed in September 2015, is EUR 20.55 million. 

The Monrif Group worked alongside the NCTM team comprising partner Luigi Croce and associate Alessandro Vespa.