Swedish entrepreneur Conni Jonsson, CEO of the fund EQT Partners, announced his decision to invest (as reported by Il Sole 24 Ore) approximately EUR 30 million to convert the former Cirio factory in Porto Ercole into a 50-key 5 *. To this end, Jonsson founded a project-focused enterprise, Qarlbo, which bought the property and started...Read More
According to the MISE Directive that was recently published, EUR 130 million were made available to foster new investments in the tourism sector and enhance the national hotel system if directly related with the agricultural product processing sector. Threshold for access to development contracts in the tourism sector drops from EUR 20 to EUR 7.5...Read More
The Spazio Sanità fund, managed by InvestiRe SGR, just purchased (through a sale & lease back agreement) a real estate portfolio consisting of 3 Nursing Homes, 2 of which located within the Florence metropolitan area and one placed in the province of Novara. The portfolio was sold by the Kos Group, one of the main...Read More
TPG, German owner of A&O Hotels and Hostels, one of the main operators in the Hostels segment, has acquired the ownership of Edinburgh’ Safestay Hostel (600 beds) for GBP 16 million (approximately EUR 18.8 million), equal to GBP 26k per bed (about 30k/bed) from Safestay. The hostel, the largest one in the Scottish capital, will...Read More
HIG Capital recently announced the acquisition of Ullensvang Hotel, a 4*170-key resort located on the banks of a Norwegian fjord. The transacted values have not yet been disclosed. HIG Realty concluded a real estate investment round for a total value of approximately USD 7 billion, including offices, residential, hospitality and logistics. We recall that in...Read More
San Corrado Resort in Noto will open soon. The resort is part of the Relais & Chateaux network and totals 34 keys. It is the only one in the country that can boast a 100m long swimming pool, twice as much the length of an Olympic one. As far as we know, the company owning...Read More
According to the latest company statements, the new DoubleTree by Hilton Rome Monti will open its doors on April 7th. The project comes as the result of a partnership between the Italian chain HNH Hospitality and the company that owns the asset, Reale Immobili. The hotel will have 133 rooms, including 8 suites, spread over...Read More
Private equity Limestone Capital recently acquired the boutique hotel The Yard in Milan (26 rooms). The operation marks the third transaction since the beginning of the pandemic for the group which, in association with its partner Aethos Hotels & Clubs, will manage its second hotel in Italy after Aethos Saragano in Umbria. The Aethos Brand,...Read More
According to an inside source, a primary medium-sized domestic hotel group is about to close the issue of a bond loan. The operation, one of the first Invitalia places in support of hotel chains, is shaping up to be an innovative financial tool aimed to back the development of hotel groups. In this context, Invitalia,...Read More
The new opening in the Capitoline area leads the Mercure brand (Accor Group) facilities to a total of 32 hotels in Italy. The Mercure Roma Centro Termini, 4 stars, is located in the immediate proximity of the Termini station and will be equipped with 39 keys. The Mercure brand room offer is mainly concentrated in...Read More
