Adler SPA Resorts Lodges, South Tyrolean group, has recently confirmed the next opening of its first 5 star-hotel in a seaside destination, the Adler SPA Resort Sicily, set for July 7th, 2022. The hotel, built according to the principles of sustainable architecture, is located on the coast of Agrigento, in Siculiana, and will count 90...Read More
Hines confirmed the launch of “Aparto” student accommodation platform in Italy, with two new residences totaling 41,000 sqm. The first facility will be operational from January 2022. One of the residences, Aparto Milan Giovenale, is located between Via Giovenale and Via Col Moschin and will be spread over 16,339 square meters, will offer 584 beds...Read More
Belmond Group, specialized in luxury tourism (and now headed by LVMH), continues its expansion in Portofino. The group, already owner of the Splendido and Splendido Mare hotels and shortly after purchasing the Fiore di Paraggi baths in the Santa Margherita Ligure area, has now formalized the acquisition of Villa Beatrice (formerly Castello Odero), a historic...Read More
Delphina Hotels & Resorts, a Sardinian hotel chain with 8 hotels (1,527 total keys on the island), has obtained a EUR 5 million S-Loan (Sustainability Loan) from Intesa Sanpaolo. The financing operation is bound to the achievement of ESG (Environmental, Social, Governance) objectives that the company is committed to achieving. Delphina Spa is controlled by...Read More
KKR recently closed the funding round for its second European real estate fund, Real Estate Partners Europe II, collecting USD 2.2bn. The fund focuses on value-added and opportunistic real estate investments in Western Europe in sectors such as logistics, residential, student housing, hospitality and offices. REPE II has been underwritten by new and existing investors...Read More
The Angst Hotel in Bordighera (Liguria) has recently been acquired by the real estate developer Bizzi & Partners. The acquisition will be followed by an asset conversion project into luxury apartments, maintaining the external characteristics of the building, as well as the adjoining botanical garden. The anticipated value of the redevelopment project of the complex,...Read More
The closed-end real estate fund BDF, managed by Namira SGR, has recently completed the acquisition, from the Ferrovie dello Stato Italiane Group, of the Campasso di Nervia area, in Ventimiglia. The acquisition of the area (approximately 42,000 square meters) follows the tender launched by FS Sistemi Urbani (Ferrovie dello Stato Italiane Group) on November 2,...Read More
As anticipated by Tony Capuano, CEO of Marriott, in a recent interview released to the Italian business newspaper Sole24Ore, the group would have in pipeline the opening of a new structure, under the brand “W”, in Italy. The new opening is set to open Florence by 2023. The new Florentine building will have 120 rooms,...Read More
Rocco Forte, in partnership with Generali Real Estate, will develop a new serviced apartment complex in Milan. The opening follows another alike-concept property, inaugurated in October 2019, in Piazza di Spagna (Rome). Since its inauguration, the Rocco Forte House Rome has recorded a total turnover of EUR 378 thousand, approx. 76 thousand per key (balance...Read More
According to Dorelan management, about 10% of the company’s turnover is attributable to supplies that were accelerated or otherwise expanded during the pandemic. As reported by Dorelan, the intervention cost on the bedding component in a complete revamping or restructuring intervention takes up a very high budget allotment. At least 80% of redevelopment projects include...Read More
