"Hotel Kube" and "B&B Francolini Hotel" up for auction in Folgaria (TN)

Notice of offer to purchase a business and invitation to submit
improved offers

The undersigned Giuseppe Tomasi, in his capacity as Sole Director of THG S.r.l., with registered office in San Giovanni Lupatoto (VR), Via Ugo Foscolo 32/I, VAT No. 10305980962,

WHEREAS:
• the company is currently subject to the negotiated settlement procedure for business crisis before the Court of Verona and an independent expert has been appointed, Dr. Ruggero Maurizio Andreetta;
• Within the framework of the negotiated settlement procedure described above, the company is negotiating with its creditors a debt restructuring plan which provides, inter alia, for the realization of assets through the sale of the business units it owns, in order to generate the assets necessary to best satisfy the company’s creditors.
• the company owns:

•  a hotel complex in Folgaria (TN), Fondo Grande area, operating under the name "Hotel Kube", recorded in the land register of the Municipality of Folgaria, Sheet 25, building parcel no. 3365, sub. 3, category D/2, cadastral income 17,007.08. Within the Hotel Kube facility there is also a storage unit, recorded in the land register of the Municipality of Folgaria, Sheet 25, building parcel no. 3365, sub. 4, area 129 sq m, belonging to zone 1, category C/1, class 5, cadastral income 1,932.07, accessible and usable independently, currently leased as a ski and bicycle rental/storage;
• a hotel complex in Folgaria (TN), Francolini area, operating under the name "B&B Francolini Hotel", recorded in the land register of the Municipality of Folgaria on Sheet 18, sub. 3, P.T. 6492, building parcels no. 466, 467, 468, 469/2, zone 1, cat. D/2, cadastral income 7,221.60.

• Pursuant to art. 22 of the Italian Insolvency and Crisis Code (C.C.I.I.), authorization to transfer the business units is subject to the Court’s positive verification that the principle of competitiveness has been respected in selecting the transferee. The company therefore intends to publish and disseminate the proposal reproduced above so that all potential interested parties may submit a purchase offer for the business unit to be placed in competition with the one already received by THG S.r.l., in order to finalize the transfer of the business units in favor of the best bidder. Please note that the transfer of the above businesses pursuant to art. 22 C.C.I.I. guarantees the buyer:
o exemption from joint and several liability for debts related to the operation of the transferred business arising before the transfer, ordinarily provided for by art. 2560 of the Italian Civil Code;
o exemption from tax liability pursuant to art. 14 of Legislative Decree 472/1997.
• within the context of the above procedure, an irrevocable offer was received on 11.02.2026 for the purchase of the hotel complexes mentioned above at a total price of euro 1,700,000 broken down as follows:
c Euro 1,000,000 for the Kube hotel, including the storage unit used for rental / ski storage;
c Euro 700,000 for the Francolini hotel
• This offer therefore includes all assets owned by the company as better specified in the valuation report prepared by the expert appointed by the company, Dr. Giancarlo Torghele, which is made available at the link below and was prepared on the occasion of the filing of the application for the negotiated settlement procedure for business crisis.

INVITES

any third parties to submit improved offers no later than 12:00 noon on 11.05.2026 via certified email (PEC) to be sent to the company’s address [email protected] and to the independent expert Dr. Ruggero Maurizio Andreetta (PEC: [email protected]).
The proposal must be accompanied by a deposit of at least euro 100,000 to be provided no later than 12:00 noon on 11.05.2026 by means of a cashier’s check made payable to "THG S.r.l." at the office of the independent expert Dr. Ruggero Maurizio Andreetta, Santa Croce 2122 - 30135 - Venice (VE) (tel. +39 041 5287745).

Link for directions on Google Maps:

• Hotel Kube- 45.892764, 11.191266
• B&B Francolini Hotel - 45.906266, 11.185969

To visit the business and obtain further information, please refer to the following contacts.

- Giuseppe Tomasi: tel. +39 348 2216177 Email: [email protected]
- Dr. Ruggero Maurizio Andreetta: tel. +39 041 5287745 Email: [email protected]

All potential bidders are required to review the attached documentation by accessing the data room, which will be permitted upon signature of a specific confidentiality agreement to be sent to Gobid International Auction Group Srl at [email protected]