Tétris Italia (JLL) to restore the former Grand Hotel Majestic in Florence

09 January, Monitor Immobiliare

Tétris Italia (JLL Group) was appointed for the restructuring and renovation works of the former Grand Hotel Majestic in Piazza dell’Unità d’Italia, Florence, to convert into a new H Hotel, a Marriott brand, offering 119 rooms. The five-star hotel will develop on a 10,7000 Sqm surface and over six floors.

Source: Monitor Immobiliare

Castello Sgr bought Four Points Hotel in Milan

24 December, Monitor Immobiliare

Through the Star Fund, Castello Sgr acquired the Four Points Hotel by Sheraton in Porta Nuova, Milan. Castello plans to invest €8 million for the light refurbishment of the hotel and its rebranding in Marriott Tribute within the next 18 months. The hotel features 239 rooms, a convention centre, a restaurant, a bar and a roof terrace.

Source: Monitor Immobiliare

Translator: Cristina Ambrosi

 

Vastint to inaugurate new Marriott hotel in Genova

24 May, Liguria Business Journal

Vastint plans to invest 23 million € in the development of a four-star Marriott hotel in Genova, offering 144 rooms. Located in the San Teodoro area, it will be the first eco-friendly hotel in the city, using materials such as cross-laminated timber. Vastint also aims at requalifying the surrounding area with the creation of a plaza in front of the hotel. The inauguration will be in 2023.

Source: Liguria Business Journal

Translator: Cristina Ambrosi

More international brands to open luxury hotels in Italy

20 May, Pambianco Hotellerie

Several international brands have announced new five-stars hotels in Italy in the past few months. To name a few, Belmond and Four Seasons will arrive in Puglia, Rosewood, Delano, 7Pines Kempinski and Baglioni in Sardinia, Oetker Collection in Capri, Six Senses and Marriott will open in Rome.

Italian luxury hospitality was strong even before the pandemic. World Capital reports that the sector went from 521 five-stars hotel in 2018 to 554 in 2019. Italy is regarded as a complete destination, offering beaches, mountains, and culture. The tourism industry in the country operates all year round and is supported by adequate infrastructure.

Source: Pambianco Hotellerie

Translator: Cristina Ambrosi

Vastint to relaunch Porta Susa train station in Turin

04 March, Il Sole 24 Ore

Vastint, the company reporting to Interogo Foundation, which also owns Ikea, acquired the area surrounding Porta Susa railway station in Turin. The requalification implies the construction of a seven-floors four-star hotel under the brand Tribute by Marriott. In addition to that, the protected building nearby will be used for restaurants, services and leisure, including a park outside. Works are expected to start by summer.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Marriott to open its first W hotel in Italy in Rome

02 February, The Travel News

Marriott International is about to inaugurate its first hotel in Italy, which will open in Rome under the W brand by September 2021. The hotel will develop over two 18th century buildings not far from Via Condotti. It will offer 159 rooms and a rooftop bar with a panoramic view of the city.

Source: The Travel News

Translator: Cristina Ambrosi

Rome: DeA Capital sold The Pantheon Hotel to InvestiRe

07 November, Il Sole 24 Ore

Located in Via Santa Chiara, in the heart of Rome, The Pantheon Hotel has been sold by DeA Capital to InvestiRe for about 62 million €. DeA Capital acquired the asset for 48 million €. Marriott manages the hotel under the brand Autograph.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

Rome tries to relaunch by investing in hotels

02 May, Il Sole 24 Ore

Real estate operations in Rome mainly concentrate on hotels, although offices still register the highest volumes. Among the main projects, the former BNL headquarters (24 thousand Sq m) have been reconverted for hotel use and have been put for sale at the requested price of 250 million euro, plus requalification costs. Meanwhile, Kryalos has just bought two properties which will become hotels under the brand W. Finally, Marriott chose an asset from Dea Capital to open a hotel of its Autograph Collection.

Source: Il Sole 24 Ore

Translator: Cristina Ambrosi

From Ferragamo to Marriott: Milan’s new luxury hotels

24 December, Milano Finanza

Five stars for Milan’s new Renaissance. By targeting upscale international tourism, the city is going on with the restyling in the name of luxury that started in 2015 with Expo. Several projects are about to be completed, despite the possible obstacles of bureaucracy. The investors are mainly international hotel chains already present worldwide using Milan to enter the Italian market. They generally select historical buildings, often of great touristic relevance, centrally located, offering a comprehensive and sophisticated product.

The Hotel Portrait will open in 2020 in the former episcopal seminary of San Carlo Borromeo in Corso Venezia 11. The owner is Lungarno Collection Hotel, a company of the hospitality division of the Ferragamo group. The asset is located in the Quadrilatero fashion district, with an entrance also on Via Sant’Andrea 10. It represents a luxury spot featuring restaurants, a spa, a shopping arcade and an area for events.

The empty building across the Brera art gallery will become Milan’s Soho House, the first Italian location of the international clubs already present in 20 cities worldwide. It will include a lounge bar, a gym, a spa, a swimming pool, a library, a small movie theatre, and a rooftop garden. The club aims at becoming the new meeting point for the creative and business scene of the city.

Meanwhile, the brand Edison will open a luxury hotel in the building near Porta Romana which used to be the electoral office. It will feature 116 rooms, two restaurants, and a spa. Marriott will be a guarantee of its excellent standards. The company owns several high-end hotels in various cities around the world and is an established name in luxury hospitality.

For what concerns low-cost fashion, the Japanese fashion brand Uniqlo will open its first Italian store. The brand operates in 21 markets worldwide with 2 thousand stores, famous its signature line of ultra-light jackets. The store will be inaugurated in spring 2019, and it will develop over three floors covering a total surface of 2,500 Sq m. It will occupy a 20th-century building in Piazza Cordusio not far from Duomo.

Source: Milano Finanza

Translator: Cristina Ambrosi