Rocco Forte, in partnership with Generali Real Estate, will develop a new serviced apartment complex in Milan. The opening follows another alike-concept property, inaugurated in October 2019, in Piazza di Spagna (Rome). Since its inauguration, the Rocco Forte House Rome has recorded a total turnover of EUR 378 thousand, approx. 76 thousand per key (balance...Read More
According to Dorelan management, about 10% of the company’s turnover is attributable to supplies that were accelerated or otherwise expanded during the pandemic. As reported by Dorelan, the intervention cost on the bedding component in a complete revamping or restructuring intervention takes up a very high budget allotment. At least 80% of redevelopment projects include...Read More
The second YellowSquare hostel will open in August 2021 in Milan. The first one was conceived in Rome 22 years ago from the brilliant intuition of the brothers Marco and Fabio Coppola. YellowSquare Milan will offer 98 beds in mixed dormitories and 29 private rooms. The common areas will include: a Dance Club, an always...Read More
The Italian investment company Star Gestioni Srl acquired the 55-room 4* Hotel M89 in Milan from Torre SGR for a value of EUR 7.7 million (EUR 140,000 per room). The property has a total area of approximately 4,600 square meters and is spread over seven floors above the ground, plus a basement. The hotel, located...Read More
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...Read More
Italian Hospitality Collection announced an EUR 45 million CapEX plan for the relaunch of 3 hotels. The strategy aims at the redevelopment of 3 structures of the group’s hotel portfolio, included in the Star fund, managed by Castello SGR (a company controlled at 82% by the American fund Oaktree Capital Management). The portfolio comprises 3...Read More
Just a few days ago Corinthia Hotels (MSE: IHI), the Maltese hotel group, announced the expansion of its activities on US soil with the acquisition of the management of “The Surrey”. The New York complex is a 5* of 97 keys, acquired in 2020 by Reuben Brothers and which will undergo a complete refurbishment process....Read More
The new hotel under construction in the residential complex developed by the Federici Costruzioni Group in the Grottarossa area of Rome will be a Four Points by Sheraton (Marriott). On Italian soil, the Four Points structures currently operating are 6, for a total of 1,114 keys. The new opening would represent the first brand operation...Read More
Hilton recently announced the opening of the first hotel of the brand “Canopy” on French soil. The “Canopy by Hilton Paris Trocadero” hotel, located in Paris, has 123 keys and was created from the redevelopment of a 1930s building complex. The Canopy brand, still not present on Italian soil, should make its debut in Venice...Read More
KOS further sells the ownership of residential care homes structures from their portfolio. After the Sale-and-Lease-Back operation that took place in April, which had seen the acquisition of 3 RCHs (2 in Florence and 1 in Novara) owned by InvestiRE SGR, the KOS Group (an operator specialized in the management of healthcare facilities) sold the...Read More
