Real estate is constantly evolving and, undoubtedly, ESG is among the most important challenges facing the market, so the hotel industry cannot be exempted either. Hotel guests, investors, owners, employees and brands worldwide are increasingly showing interest in responsible environmental practices, sustainable tourism, social welfare, corporate governance and transparency. The growing expectations of customers and...Read More

The increase in the cost of debt following the ECB’s interest rate hikes had a negative impact on property values, calling into question the ability of counterparties to respect financial covenants and, on some occasions, debt servicing. In this context, despite the fact that ample liquid assets remain in the hands of credit institutions and...Read More

In Italy, the hotel industry is undergoing a highly dynamic phase of great transformation. With only 21% of the stock of hotel rooms linked to a brand, today, Italy is among the European countries with the lowest brand penetration. Undoubtedly, this represents a great opportunity both for upgrading existing stock and for new developments or...Read More

The commercial real estate market in Italy is enduring a difficult period, with investment levels lower than the previous year. A similar situation has been observed throughout Europe, with all asset classes affected. Caused by a further increase in the cost of capital as a result of the ECB’s monetary policies to combat inflation, it...Read More