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Benko's 60 Million Euro Villa Set to Become Luxury Hotel

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The insolvency administrator is considering converting René Benko's former private residence in Innsbruck into a luxury hotel. In a letter to creditors, he describes the property as "simply unsuitable" for use as a private home. Annual operating costs alone are estimated at around 500,000 euro.   Former real estate investor…

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Click here to read the full story: Finews.com

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