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hospitality Market News: Italian Real Estate Intelligence

Aquileia sold Hilton Garden Inn near Malpensa airport (Milan)
19 July, Il Sole 24 Ore Aquileia Capital Services (Bain Capital Credit Group) sold the hotel Hilton Garden Inn, 7 km from Malpensa airport and 50 km from Milan. The buyers are the Greek fund Prodea and the international hospitality group Zeus International. The hotel, which is leased to Malpensa Gestioni, offers 207 rooms and conference venues with a maximum capacity of 700 people. Source: Il Sole 24 Ore Translator: Cristina Ambrosi
Cushman & Wakefield: investors are focusing on resorts over conference hotels
06 July, ReQuadro Cushman & Wakefield reported in its latest survey an increasing interest of investors for resorts and seasonal tourism over MICE (Meetings, Incentives, Conferences and Exhibitions) hotels and locations near airports. Cushman & Wakefield expects a quick recovery of the hospitality sector driven by cities and leisure destinations and strictly connected with the resume of international travels. On the other hand, the recovery of conference hotels will be slower, being the most impacted segment by Covid-19. According to the vast majority of the investors surveyed, the industry will recover between 2023 and 2024. Source: ReQuadro Translator: Cristina Ambrosi