(Bloomberg) -- Designer Donatella Versace has bought the villa of Italy's Mondadori publishing dynasty for $5 million, a property visited by legends such as Walt Disney and Ernest Hemingway.
Versace, chief creative officer of the company founded by her late brother Gianni, purchased the 1,400-square-meter (15,000-square-foot) villa on the banks of Lake Maggiore in northern Italy, according to a statement from real estate firm Engel & Volkers.
The Mondadori family purchased the villa in the 1920s. Famous writers who've stayed at the property have included George Simenon and Thomas Mann. The lakeside four-floor villa has 50 rooms, including 20 bedrooms and 12 bathrooms.
To contact the reporter on this story: Dan Liefgreen in Milan at dliefgreen@bloomberg.net
To contact the editors responsible for this story: Vidya Root at vroot@bloomberg.net, Ross Larsen, Jerrold Colten
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