French luxury group LVMH is negotiating the purchase of the villa-castle of Urio, on Lake Como. The castle is owned by Opus Dei, having been purchased by the movement's founder Josemaria Escrivà, who made it a place of reflection and prayer in 1954. Confirmation of the negotiations comes directly from the top management of Belmond group, which will manage the castle. The brand was acquired with its rich package of luxury hotels in late 2018 by the group led by Bernard Arnault for a countervalue of 3.2 billion euros (including about 1.3 billion euros for the portfolio in Italy). The figure for any transaction is not yet known, but persistent rumors are circulating that value the castle at around 50 million euros. Belmond would thus add another jewel to its rich portfolio, which includes an important slice of Italian properties dedicated to hospitality, from the Cipriani in Venice to the Caruso in Ravello, from the Splendido and Splendido Mare hotels in Portofino to Villa San Michele in Fiesole, as well as the historic Orient Express trains. The acquisition of Urio Castle, located between Moltrasio and Carate, is planned by 2024, The villa is called a castle because of its crenelated turrets, built during the 19th century, which make it partly resemble a fortress. Lake Como has been the focus of lively interest by large hospitality groups for several years.