HOTEL PORTFOLIO - ITALY
The hotel portfolio is currently composed of 4 assets located in Milan, Rome and Venice-Mestre with a total of 779 rooms.
The Portfolio is owned by a reserved closed-end real estate investment fund managed by an asset management company. The fund is 100% owned by an institutional FCA-regulated investor active in the hotel sector in Europe. It is operated by a specialized company in hotel management, and is, therefore, the holder of the licenses, the operating and employment contracts, and all commercial assets linked to the Portfolio. The company employs the personnel that executes the day-to-day operations and commercial activities and is 100% owned by the Investor and intended to be sold alongside the Hotels.
The Portfolio represents a unique opportunity to enter the Italian hotel market by establishing a brand presence in the main tier-l cities and acquiring a highly scalable concept and operating platform that could allow the establishment of a leading hotel group in Italy that has the potential to expand in all tourist destinations listed herein. Factors and opportunities:
l. Lack of quality hotel products in the sub-urban areas of the main Italian cities and low competitiveness from existing room stock
2. The common travel patterns of the Italian market, highly "car-oriented"
3. The budget-sensitive nature of today's corporate and leisure markets
4. The availability of distressed real estate and hotel assets in sub-urban areas of tier-land tier-2 cities, that represent potential development opportunities
5. Special sport and culture events like the Winter Olympic Games, Milan Fashion Week, Milan and Rome Expo, Rome Jubilee, the Venezia Biennale ....
