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hospitality Market News: Spanish Real Estate Intelligence

Cipriani to open new concept store in Milan
07 January, Italia Oggi Merope Asset Management and Cipriani reached an agreement for the 30-year lease of Palazzo Bernasconi, in Corso Venezia, Milan. Following the requalification and repositioning of the asset by Merope, Cipriani will open here its new concept store, which will include two restaurants, a boutique hotel and much more. Source: Italia Oggi Translator: Cristina Ambrosi
 
Covivio acquired hotel portfolio from Värde Partners for 600 million
07 January, Il Sole 24 Ore In the last days of 2019, Covivio entered an agreement for the acquisition of a hotel portfolio from the luxury hotel chain The Dedica Anthology owned by Värde Partners and valued 600 million euro. The portfolio consists of eight hotels, including iconic hotels such as the Exedra Hotel in Rome, the New York Palace in Budapest, and the Grand Hotel dei Dogi in Venice. The hotels will offer 1000 rooms in total and will be managed by Nh Hotels. Source: Il Sole 24 Ore Translator: Cristina Ambrosi