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hospitality Market News: Spanish Real Estate Intelligence

Milan: investments in hotels and offices for 5.2 billion in the first part of 2019
12 August, Italia Oggi The Olympic games in 2026 and the new San Siro stadium are only two of the reasons for the attractivity of Milan real estate. As reported by Cbre, in the first semester of 2019, the city received investments for 5.2 billion euro, mainly in hotels and offices, this latter registering 1,790 billion. Source: Italia Oggi Translator: Cristina Ambrosi
York to invest 130 million euro in Russotti hotels
06 August, Milano Finanza York Management Capital will buy debts from the Italian hospitality company Russotti for 144 million and will enter its capital with an investment of 130 million euro, obtaining a 40% share. Russotti is the fourth domestic hospitality group in the congress segment, owning hotels in Milan, Rome, Venice and Siracusa. Thanks to the fund’s investment, it will be possible to relaunch the company and renovate some of the hotels. Source: Milano Finanza Translator: Cristina Ambrosi