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hospitality Market News: Italian Real Estate Intelligence

Cbre: logistic investments drove 2020 real estate
14 January, Mark Up Commercial real estate investments in 2020 amounted to 8.8 billion €, having declined by 29% from 2019 (12 billion €). Foreign investments went from 69% to 58%. However, this doesn’t mean the Italian market lost its appeal, it rather reflects a cautionary approach due to the current uncertainty. Logistics performed exceptionally well. With investments totalling 1.4 billion € entirely from foreign investors, it proved to be the most resilient sector of 2020, outperforming 2019. Palazzo Delle Poste in Piazza Cordusio, Milan, was the biggest retail operation of 2020 with 250 million €. Apart from that, retail closed with -29%. The office segment kept its leading position with 3.7 billion € invested, reporting a 26% decrease from the previous year. Hospitality registered investments for about 1 billion €, resulting in a 68% decline compared to 2019, which reported an all-time high. Residential investments amounted to 580 million €, mostly focusing on developments projects, especially in big cities, due to the lack of available assets on the market. Source: Mark Up Translator: Cristina Ambrosi
Rosewood Hotel to open in Rome in an Antirion property
14 January, Bebeez The luxury hotel brand Rosewood will open its fourth hotel in Italy in 2023. The new hotel will be located in Via Veneto, Rome, and will develop over three buildings formerly occupied by Banca Nazionale del Lavoro and owned by Antirion. Following its requalification, of which Colliers is in charge, the hotel will offer 157 rooms, three restaurants and a rooftop bar with a panoramic view of the city. Source: Bebeez Translator: Cristina Ambrosi
Cushman & Wakefield: hospitality sector to recover in 2022
23 December, Il Sole 24 Ore According to its latest survey involving over 20 national and international players of the Italian hospitality industry, Cushman & Wakefield forecasts that the market will fully recover from the pandemic in 2022-2023. Tourist destinations like Costa Smeralda and the Amalfi coast are expected to recover in 2022. Meanwhile, Rome, Milan, Venice and Florence are still seen as the top cities by investors and hotel managers, although the market is likely to restart only in 2023-2024. Source: Il Sole 24 Ore Translator: Cristina Ambrosi