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Monrif sold the Carlton Hotel in Bologna to Finint for 32.9 million euro

05 January, Milano Finanza

Monrif has completed a sale of a hotel to Finanziaria Internazionale Investments sgr (Finint), the asset manager of the reserved real estate fund Euripide 100% owned by Cattolica. The transaction concerns the Royal Hotel Carlton in Bologna. Meantime, the subsidiary Emiliana Grandi Alberghi subscribed with Finint a 20-year lease contract for the hotel management. The operation is valued at 32.89 million, and it will bring to the Monrif group a gross capital gain of over 18 million euro, with the consequent repayment of two outstanding mortgages for 4.1 million. Monrif was assisted in the operation by the legal firm Nctm, while the legal firm Molinari assisted Finint sgr.

Source: Milano Finanza

Translator: Cristina Ambrosi

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