As previously announced in “The Bulletin” on September 14th, the Hotel Mondello Palace in Palermo is currently closed for a complete renovation and refurbishment of its interior and exterior spaces. The property, set to reopen in the third quarter of 2024, will become part of...Read More

The Mondello Palace Hotel in Palermo has been recently sold by Società Industria Alberghiera Turistica S.p.A. (S.I.A.T.) to Mondello Palace Hotel S.r.l., a subsidiary of Geimcor S.p.A., linked to entrepreneur Luigi Masciotta. The new owners plan to invest over 10 million Euros to redevelop the...Read More

Omnia Hotels has secured a financing of 27.5 million Euros to support the Group’s business plan. These funds were made available, equally, by BNL BNP Paribas, acting as the Agent Bank, and Unicredit. According to “The Bulletin” on March 13, 2023, the Hotel Mondial, a...Read More

In recent days, the acquisition of a 49% stake in Moby Lines, a shipping company primarily operating on routes to and from Sardinia, by the MSC Group, has been completed. The Luxembourg-based company Sas Shipping Agencies Services Sarl (controlled by the MSC Group) has entered...Read More

In Sardinia, a contested amendment to the Financial Consolidation bill narrowly passed in the Regional Council by a two-vote margin during a secret ballot. This amendment allows for increased building volumes, including for new 5-star hotels and existing ones along the coast./span> Out of 48...Read More

On June 21st last year, a new 5-star hotel was opened in Genoa, the third of its kind in the city: Palazzo Durazzo Suites, a 5-star hotel with 12 rooms, located at Via del Campo 12. The hotel is situated on the site where the...Read More

According to a recent study by Thrends, the global cruise industry is experiencing a sustained recovery after the two-year period marked by the COVID-19 pandemic. Considering the 2022 economic results of the three main operators in the sector: Carnival Corporation & plc (which includes Costa...Read More

36% of the restaurants listed in the 2023 Michelin Guide with at least one star are connected to hotels. According to the Luxury Hotels Database by Thrends, 57% of 5-star hotels have one restaurant, 41% have up to 3 restaurants, and the remaining 2% have...Read More

As for every semester, THRENDS issues the update on Hotel Chains in Italy through our Chains Monitor Italy, which tracks new affiliations to domestic and/or international chains and recent exits, along with hotel pipeline for the next 3 years. In the first half of 2023,...Read More