(Visited 357 times, 1 visits today)
(Visited 357 times, 1 visits today)
  • Transaction / Assets
    15 hotels in Italy
  • Seller
    Castello Sgr
  • Buyer
  • € MM

Oaktree to invest 1 billion euro in hotels in Italy

30 March, Il Sole 24 Ore

Oaktree has recently entered an agreement to acquire a hotel portfolio amounting to 300 million euro from Castello Sgr with the objective of creating a fund specialised in hospitality and managed by Castello. The acquisition concerns 15 assets, five of which are luxury hotels, including Fonteverde, Grotta Giusti and Bagni di Pisa in Tuscany, Chia Laguna Resort in Sardinia and Le Massif in Courmayeur.  The American group plans to carry out further investments for other 700 million euro.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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