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 second half of 2023, there were approximately 63 new affiliations, 54% of which belonging...Read More
The German Precise Hotels Group debuted in December in Rome with Precise House Mantegna Roma, 4* with 323 keys. Completing the hotel’s accommodation offer is a conference centre with 15 meeting rooms and an auditorium, with a total capacity of up to 1,500 seats, a covered car park and 2 restaurants. The hotel was previously...Read More
According to rumours, the Grand Hotel Cadenabbia, located in Griante, Cadenabbia (CO), has been taken over by the Statuto Group, with the aim of entrusting its management to Six Senses. The hotel, formerly 4* with 192 keys, is currently closed for renovation work that will allow it to be upgraded to a 5-star category. The...Read More
The Grand Hotel Milano, an exquisite Art Nouveau establishment designed in 1910, is set to reopen its doors in Brunate, a charming village nestled on the slopes of Lake Como. After a hiatus since 1982, during which it served as the headquarters for the Maharishi movement’s meditation academy, the historic hotel faced a period of...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
