Tag: luxury hotels

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

 

iAM Capital Group acquired trophy asset in Rome

28 September, Monitor Immobiliare

Through the iAM Hospitality Fund, managed by Castello Sgr, iAM Capital Group acquired a trophy asset on the river Tiber waterfront, Rome. The property develops over five floors and covers a 5,719 Sqm surface. iAM Capital Group plans to convert it into a five-store hotel, offering 70 rooms, a restaurant, a spa, and a panoramic terrace.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

Perial acquired luxury hotel Almar in Jesolo

24 August, Bebeez

French asset manager Perial acquired from Castello Sgr the five-star hotel Almar Jesolo Resort & Spa in Jesolo (Venice). The hotel develops over nine floors and covers approximately 13,000 Sqm, offering six conference rooms, four restaurants and 179 rooms, along with a 12,000 Sqm private beach. The hotel is managed by HNH Hospitality with a long-term lease agreement.

Source: Bebeez

Translator: Cristina Ambrosi

Palazzo Marini in Rome to become a Four Seasons Hotel

22 June, Corriere della Sera

Palazzo Marini, in Piazza San Silvestro, Rome old town, was bought for €165 million by Fort Partners from the developer Scarpellini. The property will likely be converted into a luxury hotel, allegedly under the Four Seasons brand.

Source: Corriere della Sera

Translator: Cristina Ambrosi

Boscalt Hospitality (Rothschild) acquired Majestic Hotel in Rome

27 June, Bebeez

Boscalt Hospitality, an Edmond de Rothschild Private Equity fund, acquired the iconic Majestic Hotel in Via Vittorio Veneto, Rome city centre, from real estate company EGA Esercizio Grandi Alberghi Srl. The property, which offers 100 rooms and covers over 10,000 Sqm, closed in January due to the financial difficulties following the pandemic. Boscalt plans to renovate and reposition the hotel in the extra-luxury segment.

Source: Bebeez

Translator: Cristina Ambrosi

Former Cirio factory in Tuscany to become a hotel

14 April, Milano Finanza

Erqole, part of the Swedish hospitality group Qarlbo AB, will turn a part of the former Cirio factory in Monte Argentario (Grosseto) into a luxury hotel and re-launch Don Pedro Hotel under the name La Roqqa. The company signed an agreement with the Region of Tuscany and the Town of Monte Argentario to strengthen its presence in the region.

Source: Milano Finanza

Translator: Cristina Ambrosi

Casa Cipriani to open in Milan

03 April, Il Sole 24 Ore

Casa Cipriani will be inaugurated in June in Milan city centre, close to Montanelli gardens. The hotel will open in Palazzo Bernasconi, which is part of Merope Asset Management portfolio. The property covers 4,000 Sqm and develops over four floors aboveground and two underground. The total investment for its requalification amounts between €15 and €20 million. Casa Cipriani will offer two restaurants, a boutique hotel with 12 rooms, a bar club, a wellness and fitness centre.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

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

Illimity and Cordifin acquired for €50 mln two hotels in Venice

07 January, Bebeez

Illimity and Cordifin acquired two four-stars hotels in Venice, Ai Cavalieri and Ai Reali, for €50 million from AMCO, Intesa and Prelios. The operation was carried through securitisation with two tranches backed by assets. Illimity subscribed the senior tranche, while Cordifin subscribed the junior one.

Source: Bebeez

Translator: Cristina Ambrosi

Hotel Britannia Excelsior in Lake Como acquired by Bain Capital Credit and Omnam joint venture

22 October, Finance Community

Bain Capital Credit and Omnam launched their new joint venture to invest in the hotel sector and made their first acquisition with Hotel Britannia Excelsior on the shores of Lake Como. The hotel offers 285 rooms and will undergo renovation.

Source: Finance Community

Translator: Cristina Ambrosi