FRENCH TYCOON ARNAULT RETIRES

VENEZIA VIENNA

Following the insolvency of Rene Benko's Signa Holding, two opposing companies are battling for control of the Mohari Hospitality Group, which owns the upscale hotels in question.

INSOLVENT AUSTRIAN PROPERTY COMPANY SIGNA PRIME SELECTION

Part of the financially troubled Signa empire, Signa Prime Selection has sold the five-star Hotel Bauer in Venice. Billionaire Bernard Arnault has joined the competition to acquire the illustrious hotel, often referred to as a prized possession.

MOHARI HOSPITALITY GROUP

Following the collapse of Rene Benko's Signa Holding, the Mohari Hospitality Group is now the target of a bidding war between two major corporations. Signa Prime Selection AG has agreed to sell three Italian properties, including the Hotel Bauer.

SIGNA PRIME SELECTION AG

Rene Benko's Signa Holding has filed for insolvency. Two large corporations are now vying for control of the company, which owns several upscale hotels. The iconic Hotel Bauer, a masterpiece of Liberty-style architecture and reopened in 1949 after renovations, is among the prized properties.