Pellicano Hotels and Aermont Capital, an independent asset management group focused on real estate and related investments in Europe, have entered into a partnership agreement to support the growth of the hotel group, particularly in Italy. The goal is to enhance the brand’s potential in the luxury hospitality sector and to increase the number of high-end Pellicano-branded hotels from the current 3 to 10. Presently, the group manages three 5-star hotels across the Peninsula: Hotel Il Pellicano in Porto Ercole, La Posta Vecchia Hotel by the sea just outside Rome, and Mezzatorre Hotel & Thermal Spa in Ischia.

The operation currently involves an allocation of 200 million euros, an amount that could potentially increase based on market opportunities. Aermont Capital, having gathered approximately 10 billion euros in equity commitments across 5 successive investment funds, adopts a proactive approach, emphasizing investments in companies that offer long-term value creation opportunities.

The partnership with Pellicano Hotels has been devised to focus on the growth of high-end international tourism throughout Italy. This will be achieved through significant revitalization efforts for the group’s existing facilities and potential new acquisitions, though no such acquisitions have occurred at this time. After closing 2022 with a revenue of 30 million euros and an EBITDA of 7.5 million, an increase from the 22 million in 2019, Pellicano Hotels also reaffirms its expansion goals, currently concentrated on Italy.