(Visited 59 times, 1 visits today)
(Visited 59 times, 1 visits today)
  • Transaction / Assets
    two hotels in Florence and Berlin
  • Seller
    The Human Company
  • Buyer
    Prudential Financial Inc.
  • € MM
    54

The Human Company Group sold two hotels in Florence and Berlin

21 February, Hotel Seeker

Plus Hostel Berlin and Plus Hostel Firenze were sold by The Human Company to a fund managed by PGIM Real Estate, a real estate company of the group Prudential Financial Inc.

The Human Company will keep managing the hotels for the next 27 years. The price disclosed to the market was 54 million euro. The sale of the two hotels is included in the group’s development plan, as the company intends to focus on the development of open-air hotels, in which The Human Company is specialised.

Three new resorts are in the pipeline. The locations are Porto Tolle (Rovigo), Eraclea (Venezia) and Cavriglia (Arezzo). According to Ceo Marco Galletti, the operation will generate the necessary cash flow for the development of the group.

Source: Hotel Seeker

Translator: Cristina Ambrosi

(Visited 59 times, 1 visits today)

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