i think ho10.net is a booking agent.

the three hotels were sold to estcapitol, who do not seem to list any other hotels in their very diverse portfolio.

http://www.estcapital.it/fondi_prese..._eng.asp?sgr=1

fund 7 is venice
fund 8 is hotels. it is unfunded.

these guys started in 2005 with funds 1 & 2.

the money could be from just about any country.