First the injunctions of the half-brother, then the step backwards of the sister: Olivia Paladino, partner of the former prime minister, closes the holding company and the real estate company that owns the hotel
In the end Olivia Paladincompanion of Giuseppe Contesaid stop and decided to get rid of the family holding, Agricola Monastero Santo Stefano Vecchio, and of Immobiliare di Roma Splendido, the company which in the last financial statement had recorded a 15 million euro deficit and which owns the walls of the richest asset of the Paladinthe Grand Hotel Plaza, a luxury hotel in the heart of the capital. What convinced her to take the big step was the decision of her sister Cristiana, a 50 percent partner in Agricola Monastero, to distance herself from the family business.
In recent months, the woman had made it known that she wanted to sell her shares to an American fund, from which she would have received an offer of 150 million euros.
Cristiana had left her sister the possibility of exercising the right of pre-emption, inviting her to pay her that amount to become owner of the entire family holding. The problem is that Olivia doesn’t have that much cash available. And even if Archimede, another real estate company in the group, collected a significant profit (7.6 million), the figure was not enough to close the numerous open items.
Starting from the debt with his half-brother Shawn Shadowwhich has been awaiting the liquidation of its shares in Agricola Monastero for years.
In fact, the two sisters, who according to the Chamber of Commerce appear to have divided 5 percent of their half-brother, until recently had only paid their relative a first installment of 250,000 euros of the agreed compensation of 10.2 million. A payment made after the settlement agreement signed before the Civil Court of Rome for the liquidation of 5% of the capital of the lead company.
The Paladin they hoped until the end that the original arbitration award that had recognized Shawn’s right to withdraw from the company and that had forced them to open their wallets would be annulled, but on November 3rd they lost yet another legal battle (even if they appealed the ruling).
It’s not over: the hearing for the opposition to the injunction that Shawn served on the two sisters after the interruption of the payment of the installments is scheduled for October.
An interminable clash that Olivia thought she could face supported by Cristiana. But, as mentioned, the latter has decided to withdraw from this legal feud and has made it known that it no longer wants to continue with the complicated entrepreneurial adventure, full of thorns. So Olivia decided to call it quits.
For the partner of Count the long legal dispute with the half-brother, although unnerving, was manageable, but when the sister also made it known that she wanted to be liquidated, the situation became unsustainable.
Olivia was totally taken aback by Cristiana’s unexpected move and could not help but realize that the only way out for her was the path of voluntary liquidation.
Both of Agricola Monastero and Immobiliare Splendido. In fact, budgetary reasons did not allow the business continuity, especially of the second one.
On the Chamber of Commerce website yesterday, Agricola Monastero and Immobiliare Splendido were listed as “businesses in the process of being updated” and for both, among the “practices under investigation”, a double protocol dated 24 February 2026, i.e. yesterday, was reported.
It was also stated that the “performance covered by the communication” was “the cancellation of the company from the register”.
The filing of these documents was also reported: “dissolution and liquidation”, with a date of 12 February, “appointment of liquidators” and “termination of directors”.
As far as is known Truth the decision to sell the Plaza should also have been certified in the minutes of the meeting, for which there would already be an important offer to cover the debts.
The fate of the real estate empire of the Paladin and the historic Grand Hotel Plaza in Via del Corso will no longer depend on a handshake between sisters: it will in fact be a board of liquidators who will have to untangle the knots that connect Agricola Monastero and Immobiliare Splendido (the former owns 5 percent of the latter).
This procedure should put the other companies in the group in order. In fact, the liquidation and sale of the hotel will guarantee an important recovery, subject to a strategic corporate reorganization.
The market value of the Plaza fluctuates between 280 million and 350 million and future buyers, probably the aforementioned American fund, have had an offer ready for some time.
But first we will need to settle all the issues related to the liquidation.
Unfortunately, putting such an important asset on the market in a disposal situation has several contraindications.
The buyer knows that he is faced with a seller who does not have completely free hands and who is in a hurry to sell, also due to disagreements between partners.
When the liquidation mechanism is set in motion, a solution is sought as soon as possible.
Plus i Paladin they will have to respect the hierarchy of creditors. In short, they find themselves in a forced situation, with various limits to respect, certainly not an ideal condition for those who would like to make the most of their most important asset.
The decision to put the company into liquidation is the latest chapter in a long epic.
In 2019 Caesar Paladin had settled a charge of embezzlement relating to the failure to pay the tourist tax to the Municipality of Rome.
The exposure with the tax authorities appears to be in the process of being defined and would represent around a fifth of the significant total real estate assets.
At the moment, however, there are no critical banking exposures.
There are now many ways to relaunch the hotel. Partnering with some large luxury hotel chains or the entry of international investment funds, an option that remains concretely on the table.
