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Baglioni Hotels & Resorts announced a partnership with Palace Resorts

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

 

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