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(Visited 142 times, 1 visits today)
  • Transaction / Assets
    Royal Carlton Hotel in Bologna
  • Seller
    NA
  • Buyer
    Cattolica Assicurazioni
  • € MM
    32.8

Cattolica acquired the Royal Carlton Hotel

28 December, Il Sole 24 Ore

Cattolica Assicurazioni is going on making acquisitions in the hospitality sector. After having completed several operations in Milan and Rome, the insurance company led by Alberto Minali increased the portfolio with the purchase of a large business hotel in the city centre of Bologna. The Royal Carlton is a four-star hotel with more than 200 rooms worth 32.8 million euro.

The operation was carried out through the real estate fund Euripide, 100% owned by Cattolica and managed by Finint Investments Sgr. With this operation, the insurance company entered the Bologna market. It aims at consolidating its presence in the segment with this third acquisition in the three years after the Hotel Nhow in Milan in 2016 and the NH Leonardo Da Vinci Hotel in Rome in 2017, both managed by the international hotel chain NH Hotel. According to its business plan up to 2020, Cattolica Immobiliare selected this investment opportunity to diversify the geographical distribution of its portfolio further. In the last few years, Bologna has grown significantly, with a strong international component, thanks to its trade fair district and its industrial vocation.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi