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Millennium & Copthorne Hotels to buy a luxury asset in Rome

 

According to a press release from Millennium & Copthorne Hotels plc , the Group entered in a agreement to purchase the first hotel in Italy. The deal with the Italian Boscolo Hotel S.p.a. foresees the sale of Boscolo Palace Rome, a five star 87 roomed hotel located in the famous Via Veneto Rd. The price communicated is €65.5M and the transaction will be completed in the second quarter of the year.

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Boscolo inaugurates a 5-star hotel in Bari

 

The Grande Albergo delle Nazioni was reopened in June 2012 and given back to the city after an important renovation intervention.  After different changes in its intended use and a long closure, this prestigious palace was recovered as luxury hotel managed by the Boscolo family.

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