A historic Sicilian gem is about to shine again, thanks to a €15 million investment for the restoration and transformation of Palazzo Castelluccio in Noto into a luxury boutique hotel. The project is financed by Gruppo BCC Iccrea, through its parent company BCC Banca Iccrea in collaboration with Banca di Credito Cooperativo di Pachino. Scheduled...Read More
Barry Sternlicht, the founder of Starwood Hotels, is preparing to reintroduce the iconic brand to the hospitality industry. In 2015, he sold Starwood to Marriott in a $13 billion deal, after transforming it into a global powerhouse. Now, he is set to bring the Starwood name back through a strategic rebranding of his current company,...Read More
Accor is bringing its Handwritten Collection to Piedmont, with the opening of the Hotel Giacomo Morra Alba – Handwritten Collection scheduled for March 2025. The new hotel, which has undergone a complete renovation, will pay tribute to Giacomo Morra, the iconic entrepreneur and restaurateur renowned for his deep connection to Alba’s world-famous truffles and local...Read More
A new strategic alliance between Invel Real Estate, a leading real estate private equity firm, and YellowSquare, an innovative player in the hybrid hospitality sector, is set to reshape the accommodation landscape in Southern Europe. With a €200 million investment plan, the partnership aims to acquire, develop, and manage new properties, targeting a capacity of...Read More
Through Invest in Italy, the Italian Government promotes investment opportunities and the Italian offer portfolio in all sectors (among which hospitality sector plays an important role) and supports investors throughout the investment life cycle. Therefore, ITA and Invitalia work in close cooperation with the Ministry of Foreign Affairs and International Cooperation, the Ministry of Enterprises...Read More
An up-to-date snapshot of the luxury market in Italy, curated by Thrends: 710 five-star and luxury five-star hotels, 47,300 rooms, and 24 new openings scheduled for 2024 alone in Rome, Milan, Venice, Forte dei Marmi (five, no less), and Olympic Cortina. 6.6 billion euros in revenue in 2023, representing 26% of the total revenue, coming...Read More
The Board of Directors of ITA Airways has approved the consolidated semi-annual financial statements as of June 30, 2024. Among the key performance indicators, the company reported revenues of €1.4 billion (+€300 million YoY), an EBITDA of over €62 million (+€130 million YoY), and a cash balance of €393 million (+€31 million YoY). In the...Read More
In March, Dolce & Gabbana, through its Dolce & Gabbana S.r.l. entity, completed the acquisition of the iconic Mocambo café-patisserie located in Taormina, Sicily. After undergoing extensive renovations and modernization, the establishment reopened as Mocambo Dolce&Gabbana in late July, blending the café’s historic charm with the luxury fashion house’s distinctive aesthetic. This acquisition marks the...Read More
Collective Hospitality, a Singapore-based company, has successfully acquired the majority of the business operations of Selina, a British hospitality brand known for its hotels, hostels, and co-working spaces. This acquisition comes in the wake of Selina’s bankruptcy, which was declared in July 2024, as reported by The Bulletin on July 24, 2024. The bankruptcy filing...Read More
Rome, September 4, 2024 – A historic icon of hospitality in Taormina has changed ownership. The Villa Diodoro Hotel, part of the Gais Hotel Group and owned by the Bambara-De Luca family, who have been hoteliers for four generations, has been acquired by the Barletta Group, a company led by CEO Paolo Barletta. With this...Read More
