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Fondo Strategico Italiano Enters First Hotel Investment

Italy's sovereign wealth fund, Fondo Strategico Italiano, entered into its first hotel venture by investing in Rocco Forte Hotels. The $95 million investment will allow Rocco Forte Hotels to double its portfolio over five years as well of pay off a portion of its $167 million debt. Fondo Strategico Italiano will receive 23% stake in the company and...
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The famous Sardinian Forte Village Resort sold

The award-winning resort Forte Village, located in Sardinia and owned by an Italian REIT - IdeaFimit SGR - has been recently sold to a Russian associated company for a total amount of € 180 million. The resort was directly managed by Eleganzia Hotels & Resorts.

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Starhotels to buy in London

 

The family owned Italian group Starhotels has purchased two boutique hotels - the 50-room Gore Hotel and the 51-room Pelham Hotel in London’s in South Kensington area - from private investors for approximately £43 million. 

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