Piazza Hotels & Residences acquires, through a leasing agreement, the Green Park Hotel, a 4* with 154 keys, located on the outskirts of Bologna.
The hotel disposes of a large restaurant, a conference center (4 meeting rooms for a total of 280 seats) and internal parking. The complex will be subject, starting from September 2021 to redevelopment and restyling interventions aimed at the property rebranding.
The inclusion of Green Park in the chain’s portfolio brings the group’s overall range of keys (including hotel rooms and residential units) to a total of 1.031. The chain’s portfolio thus consists of 18 residences (for 592 units) and 4 hotels (439 keys).
We also want to recall that, last May, Piazza Hotels & Residences placed a bond loan for an amount equal to EUR 1.5 million, with a duration of 6 years. The bond placement, aimed at supporting the expansion plans of the group and entirely underwritten by Invitalia through the “Fondo Patrimonio PMI”, appears to be among the first financial transactions of this type in the sector in Italy.