Follow Us On

Fattal Hotels Italy, a subsidiary of the Fattal Hotel Group, recently announced its purchase of the 4-star, 292-key Hotel Cicerone Rome from Banco BPM for over 70 million Euros. The hotel was previously acquired in 2004 by the Coppola Group, led by Roman real estate developer Danilo Coppola. Following various legal proceedings, Coppola, now a fugitive abroad, lost his final appeal to regain ownership of the Cicerone Hotel. The Supreme Court rejected Coppola’s defense appeal against the Milan Court of Appeal’s decision, which on June 1, 2021, ruled that the real estate developer had no grounds to challenge Banco BPM’s ownership, which emerged victorious from the Supreme Court dispute.

According to reports, due to compensation paid to the management company, the IH Hotels Group (through Compagnia Nazionale Alberghiera S.r.l.), the property had been on the market for several years. After more than 24 months of closure due to the pandemic, the hotel reopened on April 12, 2022, as the “IH Hotel Cicerone.” Recently, management shifted to the newly established JR Hotels Group, and the hotel is currently “temporarily closed.” JR Hotels (S&L Hotel S.r.l, established in 2021) took over management in 2023 from IH Hotels.

The property will undergo renovations and be rebranded as “NYX Hotel Rome by Leonardo Hotels,” with a planned reopening in early 2025. The hotel will feature nearly 300 rooms spread over eight floors, along with a restaurant, a bar, and meeting rooms. According to the Chain Hotels Database by Thrends, this would be the seventh Fattal Group hotel in Italy, and the second in Lazio; the group already operates the Leonardo Boutique Hotel Rome Termini, a 4-star property with 81 keys. The NYX Hotels brand was introduced in Italy in 2017 with the NYX Hotel Milan, also a 4-star hotel with 299 keys.

Fattal Hotel Group’s most recent acquisition in Italy was the Principe di Lazise Wellness & SPA Hotel, a 4-star property with 127 keys, purchased in March 2023 for 25 million Euros (approximately 197 thousand Euros per key) from Bain Capital. According to the platform, Rome has seen significant hotel transactions in recent years, including the recent sale of the 3-star, 206-key Hotel SHG Portamaggiore. In 2023, the total value of hotel transactions in Rome amounted to about 344 million Euros, influenced by the sale of the Six Senses Rome for 245 million Euros.

Related Posts

Book your stay