IHG Hotels & Resorts recently announced the signing of the first property Kimpton Hotels & Restaurants in Italy: the Grand Hotel Miramare in Taormina. As reported by ‘The Bulletin’ on 26.11.2021, the asset, a 4-star hotel with approx. 60 keys, had been taken over by a group of Roman entrepreneurs with the intervention of Anglo-French...Read More

According to rumours, Aareal Bank has put the JW Marriott Venice Resort & SPA on the market for EUR 150 mln (EUR 564,000 per room). The hotel has already been put on the market several times since the German bank took it over in 2011, however, offers of around EUR 120m last year did not...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

On June 21st last year, a new 5-star hotel was opened in Genoa, the third of its kind in the city: Palazzo Durazzo Suites, a 5-star hotel with 12 rooms, located at Via del Campo 12. The hotel is situated on the site where the Palazzo dei Rolli Durazzo-Cattaneo-Adorno once stood, which underwent a 7-year...Read More

According to a recent study by Thrends, the global cruise industry is experiencing a sustained recovery after the two-year period marked by the COVID-19 pandemic. Considering the 2022 economic results of the three main operators in the sector: Carnival Corporation & plc (which includes Costa Cruises among others), Royal Caribbean Cruise Ltd, and Norwegian Cruise...Read More

According to Questex Hospitality Investor, a research conducted on the global hostel market predicts that this segment could expand up to USD 7.65 billion by 2027. Luke Knowles, the director of strategy and development at Beds & Bars Group, a British group operating hostels in 8 European countries, states that the hostel business has been...Read More