18 January, Monitor Immobiliare
Zeitgeist Asset Management Italia announced the acquisition from Varde Partners of Midas Hotel in the Aurelio neighbourhood of Rome. Built in 1973 and renovated in 2021, the hotel offers 349 rooms, meeting rooms, three restaurants, tennis courts, and many other amenities.
Source: Monitor Immobiliare
09 January, Monitor Immobiliare
Tétris Italia (JLL Group) was appointed for the restructuring and renovation works of the former Grand Hotel Majestic in Piazza dell’Unità d’Italia, Florence, to convert into a new H Hotel, a Marriott brand, offering 119 rooms. The five-star hotel will develop on a 10,7000 Sqm surface and over six floors.
Source: Monitor Immobiliare
12 December, Monitor Immobiliare
Carron announced the development of OLM Nature Escape, a carbon-free hotel in Campo Tures (Bolzano), with a total investment of €12 million. The asset will offer 42 units, 25 of which with a private spa, powered by an 8,000 Sqm, geothermal system and photovoltaic panels covering 3,000 Sqm. The project is financed by UniCredit with a minibond of €3 million.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
14 November, Baglioni Hotels & Resorts
Leading Italian hotel company Baglioni Hotels & Resorts entered a financial partnership with Mexican Palace Resorts, which specializes in luxury resorts. The agreement consists of the acquisition by Palace Resorts of 75% of Cogeta Spa, Baglioni Hotels & Resorts holding company. With this operation, Baglioni Hotels & Resorts will gain access to the US market, accounting for 70% of the Palace Resorts business. At the same time, Palace Resorts will have the chance to add a European luxury brand to its portfolio.
Source: Baglioni Hotels & Resorts
Translation: Cristina Ambrosi
28 September, Monitor Immobiliare
Through the iAM Hospitality Fund, managed by Castello Sgr, iAM Capital Group acquired a trophy asset on the river Tiber waterfront, Rome. The property develops over five floors and covers a 5,719 Sqm surface. iAM Capital Group plans to convert it into a five-store hotel, offering 70 rooms, a restaurant, a spa, and a panoramic terrace.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
22 September, Monitor Immobiliare
Marriott International Inc. entered an agreement with Bain Capital Credit and Omnam Group to inaugurate a hotel under the brand EDITION in Lake Como. The hotel, which will open in 2025, has been developed through a fund managed by Kryalos. The property will offer 145 rooms, a lobby bar, a swimming pool and several restaurants.
Source: Monitor Immobiliare
Translator: Cristina Ambrosi
12 September, Bebeez
Millennium Luxury Fund, managed by Dea Capital, acquired the historical building Palazzo Marino, located in Piazza San Silvestro, Rome’s old town, for €165 million from Scarpellini. The fund aims to convert it into a luxury hotel under the Four Seasons brand.
Source: Bebeez
Translator: Cristina Ambrosi
24 August, Bebeez
French asset manager Perial acquired from Castello Sgr the five-star hotel Almar Jesolo Resort & Spa in Jesolo (Venice). The hotel develops over nine floors and covers approximately 13,000 Sqm, offering six conference rooms, four restaurants and 179 rooms, along with a 12,000 Sqm private beach. The hotel is managed by HNH Hospitality with a long-term lease agreement.
Source: Bebeez
Translator: Cristina Ambrosi
22 June, Corriere della Sera
Palazzo Marini, in Piazza San Silvestro, Rome old town, was bought for €165 million by Fort Partners from the developer Scarpellini. The property will likely be converted into a luxury hotel, allegedly under the Four Seasons brand.
Source: Corriere della Sera
Translator: Cristina Ambrosi
27 June, Bebeez
Boscalt Hospitality, an Edmond de Rothschild Private Equity fund, acquired the iconic Majestic Hotel in Via Vittorio Veneto, Rome city centre, from real estate company EGA Esercizio Grandi Alberghi Srl. The property, which offers 100 rooms and covers over 10,000 Sqm, closed in January due to the financial difficulties following the pandemic. Boscalt plans to renovate and reposition the hotel in the extra-luxury segment.
Source: Bebeez
Translator: Cristina Ambrosi
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