Eagle Hills, Coima launch $463 million redevelopment of Rome’s Guido Reni Barracks

Abu Dhabi’s Eagle Hills and Italy’s Coima will jointly invest $463 million to transform Rome’s Guido Reni Barracks in the Flaminio district, as cash-rich UAE developers increasingly eye overseas projects.

The Rome initiative builds on Eagle Hills’ expanding European footprint, including its €200 million restoration of Venice’s Hotel Des Bains and a recently announced €3 billion waterfront development in the Latvian capital, Riga.

Founded by Emirati businessman Mohamed Alabbar, the company now operates more than 35 luxury hotels and leads major mixed-use projects across 14 countries.

Alabbar also recently purchased the historic Castello di Antognolla in Umbria for $55 million to convert it into a luxury resort and wellness center.