Azora, a leading real estate investment company (with a particular focus on the hospitality asset class), has purchased the Giverola resort (Spain) from the Swiss group Arenas. The complex acquired, located on the seafront, has 213 apartments, a glamping (luxury camping), five restaurants and bars, sports facilities, swimming pools and a SPA, all spread over...Read More
Piazza Hotels & Residences, a medium-sized domestic hotel group, recently finalized, with the support of Invitalia, the issue of a bond loan. The operation, one of the first in Italy, includes the subscription by Invitalia (through the “Fondo Patrimonio PMI”) of the newly issued bonds. The redemption of the bonds takes place at the end...Read More
The details of the regeneration project of the area around the Ventimiglia Marina have recently been published. Namira SGR (owner of the complex), with the support of anchor investor Robert Thielen (founder of Waterland, active in four continents with personal investments in 20 countries) will invest, through the BDF fund, over EUR 200 million in...Read More
Just a few days from the acquisition of the two Hiltons in Florence by Pygmalion Capital, the purchase of another asset in the square of Florence has just been finalized. Castello SGR finalized the deal through the Star II fund. The property subject of the transaction is the former NH Anglo American Hotel (apparently no...Read More
Pygmalion Capital Advisors, a London-based investment firm, has acquired a portfolio of two hotels in Florence. The value of the transaction has not yet been revealed. The portfolio consists of 333 rooms in total and includes the 212-key Hilton Florence Metropole and the 121-key Hilton Garden Inn Florence Novoli. The two hotels, both of which...Read More
The Crescita Equity Fund is the new project promoted by Cassa del Trentino SpA and is envisaged as a new financial tool for Trentino companies aimed at encouraging the productive recovery and growth of local businesses. The tool, which aims to raise resources from both institutional and private investors, starts from a base of at...Read More
According to ANSA (the main Italian news organization), a company based in Florida, namely Ateo Air Lcc, showed an expression of interest for Air Italy. The firm relates to an investment fund headed by Russian CEO Oleg Evdokimov. The subject of the transaction would be the aircraft operator certificate and the brand of the Italian...Read More
According to our sources, a consortium of two entrepreneurs, specialized in the family segment, has acquired the ownership of the hotel complex called “Le Conchiglie”, a structure that had been in a stalemate for quite some time. The former Hotel Le Conchiglie is located in Riccione, it used to have 150 rooms, a swimming pool,...Read More
The Aedison fund managed by DeA Capital Real Estate SGR, owner of the Odeon cinema in Milan, announced its intention to convert part of the cinemas into retail spaces. The company had acquired the property in 2018 from Fininvest through the Aedison fund, subscribed by Apollo Global Management. The subject of the reconversion will regard...Read More
Union Investment recently announced the acquisition, for EUR 200 million, of the residential district (currently under construction) located in Dublin, to be acquired from the developer Ballymore. The portfolio held by Union Investment consists of 403 different asset-class properties. The company has a strong footprint also in the hospitality segment, with 66 owned hotels mainly...Read More
