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Hotel Market Beat 2023 - Italy

Following a slow start, hotel investment activity surged in the second half of 2023, exceeding €1 Bn (+74% vs H2 2022). Total investment volumes for 2023 amounted to €1.5 billion (+1% vs 2022), reaffirming hospitality as a leading sector in the Italian real estate market. Key transactions included the acquisitions of Six Senses Rome, Aermont Pellicano Portfolio, and the sale of Blackstone’s 35% stake in HIP.

Radisson Collection expands its footprint in Rome, Italy

Radisson Collection has strengthened its presence in Italy with the opening of its sixth hotel, the highly anticipated Radisson Collection Hotel, Roma Antica. Nestled in the heart of Rome's historic city center, the hotel is situated in a prime location near the iconic Altare della Patria, the Pantheon, Piazza Venezia, and ancient ruins of Largo di Torre Argentina, Capitolium Hill. The enchanting hotel is built around Palazzo Lares Permarini, a meticulously restored palazzo, testament to the rich tapestry of Rome's architectural heritage, transporting guests to a world of unparalleled beauty and sophistication.

Erqole Continues Investments In Italy With The Acquisition Of Boutique Hotel Torre Di Cala Piccola On Argentario Island

The charming Boutique Hotel Torre di Cala Piccola in Monte Argentario, which had been owned for 30 years by Cala Piccola SpA, is now part of Erqole; a company within the Swedish group, Qarlbo AB, owned by the Jonsson family. As part of its growing Italian portfolio, Erqole owns and manages the new boutique hotel on the island, LA ROQQA, and its exclusive beach club, Isolotto, in addition to managing the restyling of Fattoria La Capitana in Magliano, province of Grosseto, and the complete renovation of Cirio, a former fishing plant in Porto Ercole that has been abandoned for 40 years and is being transformed into a luxury hotel by architect, Marco Casamonti (Archea Associati architecture studio). Through this acquisition, Erqole endeavors to broaden its portfolio of unparalleled hospitality within Argentario and reinforce the Jonsson family’s vision of long-term revitalization of the region.

art’otel Rome To Open In The Italian Capital

art'otel, the contemporary lifestyle hotel brand owned by PPHE Hotel Group, the international hospitality real estate group which develops, owns and operates hotels and resorts and is made famous since 1989 by the success of its Park Plaza properties, is pleased to announce art'otel Rome Piazza Sallustio, its flagship European hotel set to open in the first half of 2024. art'otel Rome Piazza Sallustio, a new premium lifestyle hotel with art and gastronomy at its core, lands in the heart of the Italian capital brought to life by renowned Roman contemporary artist, Pietro Ruffo, famed for international exhibitions and collaborations with Dior and The Vatican Apostolic Library to name a few. The Roman destination will join existing, vibrant art'otel properties in some of Europe's most creative cities, including London, Amsterdam, Berlin, Zagreb and Cologne.

Pietro Ruffo has been appointed as Signature Artist at art’otel Rome Piazza Sallustio

In keeping with the art'otel brand (where each is dedicated to a signature artist), art'otel Rome Piazza Sallustio has appointed renowned contemporary Roman artist Pietro Ruffo. Ruffo, who is known for his dramatic style and collaborations with fashion houses including Valentino and Dior, has partnered closely with lead interior designer Eyal Shoan from Digital Space to create an immersive, thought-provoking art experience. Each room will feature Ruffo's signature artworks and originals, enhancing the guest experience.

Estelle Vassallo has been appointed as General Manager at Anantara Convento di Amalfi Grand Hotel

Global hospitality group Minor Hotels is pleased to announce the appointment of Estelle Vassallo as General Manager at Anantara Convento di Amalfi Grand Hotel. With two decades of expertise in the hospitality industry, Estelle brings a wealth of experience and a dynamic vision to this unique property, situated eighty metres above the stunning town of Amalfi.

Kimpton Hotels & Restaurants to make market debut in Italy

IHG Hotels & Resorts, one of the world's leading hotel companies, has today announced the signing of its first Kimpton Hotels & Restaurants property in Italy. Joining IHG's fast-growing luxury & lifestyle portfolio, now the second largest in the world, the Kimpton property in Sicily will open in the second half of 2025 and represents a management agreement with partner Società Turistica Alberghiera Taorminese.

Florence Market Pulse

This article examines Florence's tourism industry resilience amidst crises, including the COVID-19 pandemic, analyzing key performance indicators such as airport statistics, hotel supply, and operating performance. Despite setbacks, Florence witnessed a remarkable recovery, notably in 2023, with record-breaking Revenue Per Available Room (RevPAR). The analysis also highlights investment trends and future challenges, including concerns about over-tourism and evolving market dynamics.

The TRIBE brand makes its debut in Italy with a new opening in Milano Malpensa

Guests can now check in at the new TRIBE Milano Malpensa. The opening marks TRIBE's entry into the Italian market, emphasizing the brand's growth plans to expand to 50 hotels worldwide over the next five years. TRIBE's offerings in Milan include 240 guest rooms, a gym, and a heated panoramic swimming pool. A signature feature of TRIBE is the central Social Hub in every hotel, which in Milan encompasses a café-meets-bar concept, a "Grab & Co Corner," as well as lounge and freely accessible co-working spots.

Wifirst provides Aethos Hotels with a fully converged network that allows it to grow, at its own pace

Aethos Milan was acquired by Aethos Hotels in 2021 from an art collector (formerly The Yard); the facility had undergone several expansions over the years, and the network infrastructure went through several installation phases with additions to both space and services. As a result, a network with little logic or structure, no documentation, consisting of multiple unconnected networks was in place, with connectivity provided by two different lines, one for the hotel and one for the new restaurant. Wifirst was called on to update this infrastructure, which was no longer suited to the standards of the Aethos brand.