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Salsomaggiore Thermae sold out to CDP for eur 10.25 mln

After an agreement which lasted over five years, the Berzieri baths in Salsomaggiore were officially bought on June 30th for EUR 10.25 million by Cassa Depositi e Prestiti.
The spa facility will be managed, through a 20-year contract, by QC Terme, one of the industry main players that currently manages nine other spas and wellness centers in Italy, with one in France and an upcoming opening in New York.
CDP is also expected to make a future investment of EUR 15 million to redevelop the spa complex.
Currently, the Italian portfolio of thermal hotel complexes of the QC Terme group includes 5 hotels for a total of 223 keys located mainly in Bormio (almost 60% of the total room count is located there).