The palazzo, which was started but not finished by Gian Lorenzo Bernini in 1650, was previously home to half a dozen noble princesses before Pope Innocent XII took it over, placing the Pontifical Tribunal there. It has, over the centuries, been renovated and rebuilt countless times. Views from the rooftop would—assuming it would be converted into a bar—afford a panoramic view of the city skyline, including St. Peter‘s, the Spanish Steps, and the lush Villa Borghese gardens nearby.
Before the Four Seasons deal, the palazzo was dumped in a fire sale to a fund managed by Idea Fimit in a $800 million package of properties unloaded by real estate developer Sergio Scarpellini after he was arrested in 2016 for allegedly bribing then mayor Virginia Raggi. His case remains in the labyrinth of Italy’s beleaguered justice system, but he holds many shares in the fund and will be handsomely rewarded by the sale.
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