The real estate division, finalized after the summer, was designed to allow the family branches to pursue independent business strategies. Moreover, the operation also served Edizione in concentrating the group’s activities in its “core” sector. Family real estate properties have historically been held in Edizione Property, a portfolio concentrated at the end of 2016 in...Read More
According to the latest report on the real estate sector by the European Central Bank, weak profitability prospects are creating increased downside risks in the portfolios of European banks exposed to the commercial real estate market. The report specifies that the sector in the Eurozone could face difficulties for years, thereby exposing bank loans, investment...Read More
According to Thrends’ Chain Hotels Database, there are currently 96 chain hotels in Trentino-Alto Adige, with 37 located in the province of Bolzano and 59 in the province of Trento, totaling 6,760 keys. Branded hotels have experienced growth over the past 10 years, with chain hotels growing at a Compound Annual Growth Rate (CAGR) of...Read More
The sovereign wealth fund of Singapore, GIC, one of the major global investors, has acquired a 35% stake in Hotel Investment Partners (HIP), one of the leading hotel owners in Southern Europe. HIP was founded in 2015 and was acquired by funds managed by Blackstone in 2017. GIC will become a shareholder with approximately 35%,...Read More
Palace Resorts recently announced the acquisition of 100% of Baglioni Hotels & Resorts. In the bulletin dated 15.11.2022, we reported the acquisition of 75% of the Italian hotel group by the Mexican Group. According to the statement made by the Baglioni Group last year, it was a strategic financial partnership that involved the acquisition of...Read More
Philipp Plein, the German luxury brand, will debut in the hospitality sector with “The Plein Hotel.” The hotel will be located in Palazzo Melzi d’Eril, the former Krizia Space, in Milan. The opening is scheduled for spring 2024, but the group aims to have a soft opening as early as January 2024. Currently, the property...Read More
Hyatt Hotels Corp. sta per lanciare una nuova piattaforma di affitti per vacanze a breve termine, denominata «Homes & Hideaways by World of Hyatt», che includerà case private in tutti gli Stati Uniti. Il lancio è previsto nelle prossime settimane, secondo quanto riportato sul sito web di Hyatt, e i membri di World of Hyatt...Read More
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 the “Mövenpick” brand portfolio of Accor. The accommodation offering will...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 closed hotel into a luxury property, with completion expected by...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 4-star hotel with 84 rooms located in Rome, was sold...Read More
