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Relais & Châteaux acquires Borgo Santandrea

With the entry of Borgo Santandrea, Luxury Hotel Amalfi Coast; Relais & Châteaux rose to 51 properties, for a total of 40 hotels and 11 restaurants. Borgo Santandrea, a recently developed five-star hotel in Amalfi, joins the French network, which has a total of 9 summer new entries and which bring the total number to 580 of its hotels and restaurants, on five continents. The new entry is the result of the complete renovation project, which lasted approx. 4 years, of the former Hotel Saraceno after the transfer of the complex, which took place in 2017, into Marinella SpA for approx. 23 million. In the last year of management prior to the sale the hotel recorded a turnover of approx. EUR 2.8 million, corresponding to approx. 45 thousand euros per key, up by CAGR + 3.7% compared to the value of 35 thousand per key recorded in 2009.

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