A banker who had just been in Sardinia was looking for partners to buy a certain piece of coast that he had found semi-wild, mountainous and washed by a crystalline sea. In this wonderland, just an hour’s flight from Italy and France, a small holiday retreat for private use could have been created for a “small” sum ($ 25,000) each. Thus was born a small group of investors composed of the Prince of the Ismaili community His Highness Aga Khan, Giuseppe Mentasti, Patrick Guinness, Renè Podbielski and others, who signed, on September 29, 1961, a declaration of intent that would lead to the constitution, on March 14, 1962, of the Costa Smeralda Consortium.
The Costa Smeralda quickly became one of the most renowned and exclusive tourist resorts in the world, with the improvement of connections with Olbia and the expansion of the Venafiorita airport. At the end of the sixties the Costa Smeralda already consisted of the village of Porto Cervo, the five hotels (including the Luci Di La Muntagna) in perfect working order, the Stella Maris church, a large golf course under construction and the first villas most beautiful beaches, in places with fantastic names such as Liscia di Vacca, Capriccioli, Grande Pevero, Pantogia.