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In the capital city alone, there are more than 12,000 unapproved non-accommodative structures, according to data sourced from the Tourism Department of the City Council. This information was cross-referenced with official records and listings on prominent online platforms. As reported in the local edition of...
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Pellicano Hotels and Aermont Capital, an independent asset management group focused on real estate and related investments in Europe, have entered into a partnership agreement to support the growth of the hotel group, particularly in Italy. The goal is to enhance the brand’s potential in...
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The historic Odeon cinema in Milan is closing for its transformation into an experience center by 2024, with plans to retain some screening rooms and introduce retail, dining, and office spaces. Another example is the reopened former Maestoso cinema in Milan, now focusing on sports...
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Private equity firm KSL Capital Partners has acquired Hersha Hospitality Trust. The transaction, valued at approximately $1.4 billion, is expected to close in the fourth quarter of 2023. According to the terms of the deal, KSL will acquire all outstanding common shares of Hersha at...
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Global Asset Solutions has just published its Italian Hotel Market Outlook for 2023. The report outlines how Italy as a destination is undoubtedly popular amongst international travellers, with the number of nights spent by foreign visitors consistently amongst the top three EU countries. In 2022,...
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