Not sold, the property is still owned by the same family (Carlo Babini Merlo), and still managed by GM Claudio Meli, but they have parted ways with JK Places, owned/managed by Ori Kafri (JK Places was named after his father, Jonathan Kafri.

The Babini family also owns Londra Palace in Venice and Borgo dei Conti Resort in Umbria, but things have gone quiet regarding the redevelopment of the latter.