The boom of American tourism to Italy, fueled by a strong dollar and improved air travel connections, is projected to decelerate in the near future. The forthcoming 2024 presidential elections are likely to contribute to a temporary slowdown in American travel. Hospitality operators are shifting their focus towards high-spending markets like India and China to...Read More
The Imperial Sport Hotel Pesaro, a 4-star hotel with 47 rooms, is the latest property to join the UNA Group under a franchise agreement. The hotel has recently undergone renovations and has been repositioned as a 4-star establishment. The facilities include a restaurant, a bar, a fitness area, and a swimming pool. The UNA Group...Read More
According to a recent analysis by the Hoteltransactions.it platform by THRENDS, in the first half of this year, there were fewer hotel transactions both in terms of number and volume compared to the first half of 2022. Specifically, there were 62 transactions compared to 103, with a volume of approximately €539.2 million* versus approximately €1.3...Read More
The Public Investment Fund (PIF), the Sovereign Wealth Fund of Saudi Arabia, chaired by Prince Salman bin Abdulaziz Al Saud, is reportedly set to enter the capital of Rocco Forte Hotels by acquiring a 49% stake. As per the current situation, the fund would exit the capital of the company Cassa Depositi e Prestiti, which...Read More
Uturn Investments, an independent family office founded in Verona by Gianpiero Peron, Luca Mongodi and Alberto Nicoli, has announced the acquisition of 48.5% of Kleos Hotel Group and will lead as lead investor of the club deal for the creation of a new hotel chain. The new group will be specializing in the management of...Read More
The fresh Italica Lodgings & Retreats label oversees a collection of five hotels and aims to broaden its portfolio with additional establishments, retreats and lodgings across Italy. The Italica Corporation, a division of the Italica DMC, previously collaborated with the Spanish firm Smy Hotels. At present, the operator possesses five properties under its direct management:...Read More
According to the new bill of the Ministry of Tourism, in the historic centers of large cities and in the tourist Municipalities in which they register more visitors, the houses can no longer be rented for one night only, unless the tenant is not a compound household by at least one parent and three children....Read More
Blackstone recently launched the global real estate fund Blackstone Real Estate Partners X. With an endowment of 30 billion dollars, already in cash, it is the largest ever created by the American manager. James Seppala, Blackstone’s Real Estate Europe manager, interviewed by Monitor immobiliare stated that the next 3/5 years will be a truly unique...Read More
A portfolio of 3 Italian hotels is for sale, for one total of 536 keys, in strategic markets: assets include the Holiday Inn Naples, the Hotel Villa Ducale Parma and My One Hotel Bologna. Bayview Italia Srl has entrusted the sale of portfolio to Savills Italy and Christie & Co UK. The assets can be...Read More
There are 2 hotels in the pipeline of the Italian chain Italian Hotel Company: a Radisson in Bari and a Courtyard by Marriott in Turin. The opening of IHC in Bari represents the debut in Puglia for both the Italian chain and Radisson. Similarly, Turin represents the former opening of IHC and the brand «Courtyard...Read More
