The Government of San Marino is seeking an operator for the Nido del Falco through an international public tender. As reported by San Marino RTV, the decision follows unsuccessful expressions of interest and private negotiations.
The publicly owned property, located near the Three Towers in the heart of the UNESCO World Heritage site, could host dining venues, hospitality services, weddings, conventions and cultural events.
The concession will run for a period of 20 to 30 years, with no automatic renewal, and a minimum annual fee of 100,000 euros.
To encourage investment, the future operator will be able to recover recognized redevelopment costs through a reduction in the annual fee, up to 80% of each year’s payment. This recovery mechanism will end either when the approved amount has been fully offset or when the concession expires.
Routine maintenance work will not qualify for this cost recovery. The appropriateness of expenses will need to be verified by the AASLP (Autonomous State Public Works Agency), and at the end of the concession period, all improvements will revert to the State without compensation.
The highest financial bid alone will not secure the management contract. Greater weight will be given to the quality of the proposed project, its development prospects, and planned collaborations with San Marino producers, consortia, institutions and cultural organizations.
Proposals will be evaluated by a panel of three experts. The tender will be publicized through both national and international media channels.
