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hospitality Market News: Italian Real Estate Intelligence

Sixth Street and Eidos Partners acquired a resort in Porto Cervo
18 January, Monitor Immobiliare Sixth Street and Eidos Partners completed the acquisition of Le Palme Hotel & Resort in Porto Cervo, Sardinia. This is the first acquisition in the Italian hospitality market for Sixth. The property, which covers a 17,000 Sqm surface, will be turned into a luxury hotel to be inaugurated by 2024. It currently offers 92 rooms, a private beach, a lake, a garden, a restaurant, and a swimming pool. Source: Monitor Immobiliare Translator: Cristina Ambrosi
Castello Sgr bought Four Points Hotel in Milan
24 December, Monitor Immobiliare Through the Star Fund, Castello Sgr acquired the Four Points Hotel by Sheraton in Porta Nuova, Milan. Castello plans to invest €8 million for the light refurbishment of the hotel and its rebranding in Marriott Tribute within the next 18 months. The hotel features 239 rooms, a convention centre, a restaurant, a bar and a roof terrace. Source: Monitor Immobiliare Translator: Cristina Ambrosi