Bob W and Osborne+Co Investment Management have recently launched a £120 million fund to acquire properties for conversion into serviced apartments. The joint venture aims to acquire and convert 20-25 buildings, currently used as hotels and offices, into 1,500-2,000 short-term serviced apartments. This value-add fund will target key European markets, including Ireland, Portugal, Spain, Poland,...Read More

ISTAT has recently published data on tourist arrivals recorded in May of this year. After an April that saw a -8.5% YoY decrease in arrivavls, the hotel and non-hotel sectors recorded 38.6 million overnight stays in May (+18% YoY and +24% compared to 2019), marking significant growth. We recall that 2023 closed with 431 million...Read More

The Italian State Property Agency has recently announced the opening of a bidding process for the concession of 18 state-owned historic buildings, including towers, lighthouses, and historic villas, with the aim of revitalizing them through sustainable tourism, hospitality, and culture. This initiative is part of the “Network Projects,” a program designed to enhance public real...Read More

Be Mate, a brand previously part of the Spanish chain Room Mate, has recently opened 8 new apartment structures in Italy, located in Venice, Rome, and Turin. In Venice, the group has inaugurated Be Mate Ponte di Rialto, a building consisting of 12 apartments. In Rome, the Trastevere district has recently seen the opening of...Read More

The Rovati family, through their investment vehicle Fidim, a holding company operating in the high-end tourism sector, has joined the Barletta Group. The transaction involves a capital injection of 95 million euros, composed of cash and trophy assets, which will allow Fidim to hold a 12.5% stake in Barletta Group’s share capital. This operation is...Read More

ISTAT has recently published the tourism statistics for April of this year. The hotel and non-hotel sectors recorded 25.7 million overnight stays in April (-8% YoY and -10% compared to 2019), marking a halt in the recovery of our sector after the pandemic. For instance, in April 2023, there were 28.1 million overnight stays recorded....Read More

The European Union has introduced a new Schengen visa policy that makes it easier for Indian tourists to travel to Italy and other European destinations. This updated policy offers more flexible and longer-term multiple-entry visas to Indian citizens. For Indian travelers residing in India who have used a Schengen visa for short stays twice in...Read More

BWH Hotels has announced its latest addition to the Group: Antico Sipario Boutique Hotel, BW Signature Collection, a 3-star hotel with 8 rooms located in Paciano (PG), in the Lake Trasimeno area. Owned by Director Claudio Bittoni, the hotel originates from the restoration of an ancient medieval palace. It includes a conference room that can...Read More

Delta Hotels’ New Ventures in Italy Delta Hotels, a Marriott brand, has announced four new hotels. Three are in Campania, and one is in Milan. The Campania properties are managed by Pinewood Hotels. These include Resort Marina di Castello in Castel Volturno, a 4-star hotel with 270 rooms; Hotel Plaza Caserta, a 4-star hotel with...Read More

Green Bond Issuance Covivio Hotels, a subsidiary of the Paris-listed real estate operator Covivio, successfully issued a €500 million green bond, maturing in May 2033. Controlled by the Del Vecchio family’s Delfin, Covivio saw strong investor confidence, with subscriptions nearly quadrupling the offer. This demonstrates the quality of Covivio’s portfolio, 89% of which is located...Read More