In March, Dolce & Gabbana, through its Dolce & Gabbana S.r.l. entity, completed the acquisition of the iconic Mocambo café-patisserie located in Taormina, Sicily. After undergoing extensive renovations and modernization, the establishment reopened as Mocambo Dolce&Gabbana in late July, blending the café’s historic charm with...Read More
Collective Hospitality, a Singapore-based company, has successfully acquired the majority of the business operations of Selina, a British hospitality brand known for its hotels, hostels, and co-working spaces. This acquisition comes in the wake of Selina’s bankruptcy, which was declared in July 2024, as reported...Read More
Rome, September 4, 2024 – A historic icon of hospitality in Taormina has changed ownership. The Villa Diodoro Hotel, part of the Gais Hotel Group and owned by the Bambara-De Luca family, who have been hoteliers for four generations, has been acquired by the Barletta...Read More
Bob W and Osborne+Co Investment Management have recently launched a £120 million fund to acquire properties for conversion into serviced apartments. The joint venture aims to acquire and convert 20-25 buildings, currently used as hotels and offices, into 1,500-2,000 short-term serviced apartments. This value-add fund...Read More
ISTAT has recently published data on tourist arrivals recorded in May of this year. After an April that saw a -8.5% YoY decrease in arrivavls, the hotel and non-hotel sectors recorded 38.6 million overnight stays in May (+18% YoY and +24% compared to 2019), marking...Read More
