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International investor acquires Park Hotel Cassano d’Adda

The sale of the Park Hotel Cassano d’Adda (Milan), owned by Reoco CR1 RE Srl, to a leading international investor was also completed in August. The asset, therefore located between Milan and Bergamo, has 104 keys, a restaurant, lobby bar, four meeting rooms and internal parking.

According to the plans of the new property, the hotel will be revamped and subjected to a possible rebranding operation. The tandem BCMGlobal (as Special Servicer and Asset Manager) and Hotel Seeker (who oversaw its marketing) support the asset disposal activity