As anticipated by some rumors, the American investment fund Angelo Gordon Investments, in partnership with Westmont Hospitality Group (Canadian hotel manager), acquired the Spanish chain Room Mate, after the operation was approved by the Madrid court. It is recalled that the company based in Madrid had officially declared bankruptcy (more precisely voluntary concurso) at the...Read More
A recently built hotel complex is up for auction in Peschiera del Garda (VR). The hotel, a 4 star with about 30 keys, is up for auction for 4.7 million euros, a sales value of 157 thousand euros per key. In particular, the structure, located in viale Stazione 6, is built on four floors above...Read More
After the closure of more than 5 years of the Hotel Baia di Faraglioni in Mattinata in Puglia, the reopening is scheduled for 21 July under the new management of Apulia Hotels Group, which has been awarded the management with a long lease period. The structure of 66 keys, swimming pool, multipurpose field, parking and...Read More
New possible organizational structure for Accor which, according to the company, is once again making changes to its organizational structure in a move that could make a possible split of the company easier. From October, the company will be divided into two distinct business divisions. The “Economy, Midscale & Premium” unit will include the Ibis,...Read More
After the opening of the “Sublimis” last year in Camogli, the “Carrick” hotel was recently inaugurated after the redevelopment project. The hotel is a 44-key 5-star hotel and has a bar, restaurant, rooftop and wellness areas. In the locality, other hotel development projects could affect the Portofino Kulm Hotel, in a panoramic position on the...Read More
With the entry of Borgo Santandrea, Luxury Hotel Amalfi Coast; Relais & Châteaux rose to 51 properties, for a total of 40 hotels and 11 restaurants. Borgo Santandrea, a recently developed five-star hotel in Amalfi, joins the French network, which has a total of 9 summer new entries and which bring the total number to...Read More
Hotel Dieci is up for auction in Milan, in the Città Studi district, a 4-star hotel with 29 keys. With an auction base of EUR 3.0 million (approx. 100 thousand per key) and a minimum bid of EUR 2,25 million (approx. 75 thousand per key). The building is spread over 4 levels and covers a...Read More
JP Hospitality Investors Club took over the Hotel Milano in Madonna di Campiglio (TN) with the aim of restarting its activities after an extensive restructuring and repositioning plan. The midscale hotel is located in Piazza Righi in Madonna di Campiglio, a ski and summer resort in northern Italy. The property was built in the 1960s...Read More
After the expansion operations started with the purchase of the adjacent Villa Bellinzaghi and the related restructuring plan for over 20 million euros of capex, the company Villa D’Este plans to grow through acquisitions. As stated by the CEO in press sources, the company is investigating acquisitions in Venice, Rome and on the Amalfi Coast....Read More
The Belstay brand has been officially launched. In particular, the brand was born with the repositioning and rebranding of a portfolio of 4 Holiday Inn hotels for a total of 777 keys. Belstay Hotels, a newly established domestic brand, has an upscale positioning and sees sub-urban locations as target destinations. The brand was launched by...Read More
