23 February, Bebeez
Arsenale closed an agreement with the Billi family to acquire Grand Hotel de la Minerve in Rome. According to the agreement, the hotel will continue to be managed by Billi for the rest of the year to undergo in 2022 a total overhaul and re-open by Christmas 2023.
The operation is consistent with Arsenale’s strategy of requalifying Italian luxury hotels to offer a new high-quality and innovative product. The company’s objective is to invest approximately 230 million € in the next five years to create an Italian player capable of competing with the biggest international brands.
Source: Bebeez
Translator: Cristina Ambrosi