PROGRAM 2020

Welcome remarks and Conference Overview

Mauro Santinato, Presidente Teamwork
Giorgio Ribaudo, Partner THRENDS

1. 2020-2022: a very challenging triennium for tourism

Unexpectedly for the world and for Italy, this decade started with the shock created by the impact of COVID-19 on life, economy, finance and tourism. One of the key questions is today: how will the Italian economy react to this crisis and how long will it take?
If we continue to look at Italy as an isolated system, we will not learn from global perspectives beyond the virus shock. Since in the last decade Italian tourism has relied the more and more on international demand, how is the restricted mobility, which we have recently experienced, going to impact? What is to be expected in terms of pressure on hotel development? Should we expect a slow-down in investments for this asset class due to a changed perception of investors? How to adjust yield expectations for the mid-term to avoid losing opportunities and correctly target investments?
We will bring the vision, dilemmas and answers of eminent opinion leaders in the field of finance, banking, investments, real estate and hospitality to this session and display supportive figures to share the understanding of the long-term future for investments in Italian hospitality. “Supportive predictions” is the reason why to join this first session.

Moderates:
Magda Antonioli, Direttore MET – Università Bocconi
Speakers:
Jean-Paul Fitoussi, Senior Expert – EU Economics
Charlie MacGregor, CEO & Founder – The Student Hotel
Panel:
Tanya Byls, C.O.O, Hospitality & Real Estate Development – Tonino Lamborghini SPA
Ferruccio Lamborghini, CEO – Tonino Lamborghini SPA
Panel 2:
Jean-Paul Fitoussi, Senior Expert – EU Economics
Stefano Mantella, Real Estate Strategies and Innovation Director – Agenzia del Demanio
Giacomo Morri, Professor of Real Estate Finance, Università L.Bocconi e SDA Bocconi

2. Trading hotels through portfolio, NPLs, M&A deals: where are we now?

The business of lodging in Italy has never been so financially sophisticated as it is today. 10% of all real estate secured NPL of Italy are backed by lodging assets. Traded small NPL portfolios, M&A happening between main chains, investment management companies developing their own hospitality funds, small chains thinking about their going public, sell & lease-back agreements more frequent, white label operators partnering with private equity funds, and so on.

Structured finance and institutional/corporate ownership ask for an acceleration in performance, efficiency, transparency and …yield. All this will drive the industry to change.

Where are we now? How is international finance in the after-COVID hera impacting the structure of a system that for centuries has relied on “prudent” family-funded and family-owned businesses? We will discuss this change with the protagonists of hospitality financing, key opinion leaders from advisory, transactions, banking and operations.

Moderates:
Fabrizio Trimarchi, Managing partner – Hotel Seeker
Speakers:
Leonardo Stassi, Head of Hotel Real Estate – Bayview Italia
Anne Schwartz, Directrice générale – PAREF Gestion
Panel 1:
Stefano Giudici, Head of Real Estate – INTRUM Italy Spa
Maurizio Nitrati, Head of Real Estate practice | Italy KPMG
Panel 2:
Ofer Arbib, CEO Antirion SGR
Chiara Caruso, Senior Acquisition Manager Hospitality Sector – INVESTIRE SGR

3. Top investments panel: learning from deals > 50 millions

Within this session you will listen to keynotes presenting the reason why they invested in great and trophy assets of the Country, their expectations for the near future, the challenges faced and all this based on real examples of recently transacted or developed properties.

Moreover, you will get the opportunity to follow panellists discussing and presenting on the market opportunities and recently closed deals worth over 50 million. A session not to miss if you want to listen to the international protagonists of the investment market.

Moderates:
Massimiliano Sarti, Journalist – HospitalityInside & Travel Quotidiano
Speakers:
Gaël Le Lay, Deputy CEO – Covivio Hotels
Paolo Barletta, CEO Gruppo Barletta
Panel 1:
Stefano Cigarini, CEO – Cinecittà World
Pippo Russotti, Managing Director – Russotti Gestioni Hotels SPA
Camil Yazbeck, Senior Vice President, Head of Development – Accor Europe

4. High risk = high return? Levering the potential of mountain, seaside and wellness resorts

Offering internationally-recognized pearls such as the Dolomites, Taormina, Amalfi Riviera, Salento, Cinque Terre, Courmayeur, Verona and tens of others UNESCO World Heritage Sites, Italy is not just reputed for the biz hotels in Rome or Milan. And investors are now discovering the hidden reasons behind investing in secondary locations: fundamentals are strong, deals are possible and happen, especially for distressed assets and value-add strategies. But what is the expected return or the ideal holding period when investing in seaside, mountain or wellness resorts? Do they require a special approach compared to other product type? Are they worth the effort? This session addresses the topic of performance, expectations and future opportunities for investments in resorts, supported by the field experience of owners, resort operators and investors, dealing with resorts in Italy and the Mediterranean.

Moderates:
Filip Boyen, CEO – Forbes Travel Guide
Speakers:
Alexander Schneider, President – Nikki Beach Hotels & Resorts
Alan Mantin, Managing Director Development Southern Europe – Hilton
Panel 1:
Markus Lehnert, Vice President International Hotel Development – Marriott International
Chema Basterrechea, Executive Vice President & Chief Operating Officer – Radisson Hotels
Panel 2:
Mattia Bastoni, President, founder & CEO – fabilia Hotels & Resorts
Mattia Casadio, Vicepresident – fabilia Hotels & Resorts

5. Data take-away (Hotels + Real Estate)

A final short session which offers a concentration on primary data and information freshly released on hospitality development and hospitality real estate. If you are curious about figures, KPIs, benchmarks and key data on hotel development, construction, renovation, financing and transactions do not miss this session. Experts from STR, CBRE, THRENDS are expected to contribute with valuable insights and analytics on the future of our industry. The new “2020 Hotel Construction and Renovation Costs Survey” is also presented during this session.

Data & Reports presented by:
Robin Rossmann, Managing Director – STR
Francesco Calia, Head of Hotels Italy – CBR Hotels
Emilio Valdameri, Head of Hospitality and Leisure – Gabetti Property Solutions Agency SpA
Giorgio Ribaudo, Partner – THRENDS