Now it is the turn of Russia’s energy giant Gazprom, which would be ready to take over the management of Forte Village from the Marcegaglia group. The tourist-hotel compound is composed of 7 different structures for a total of more than 730 rooms, congress halls, a park and a center of thalassotherapy. Gazprom offered 200 million euros for the management of the village controlled by Mita Resort, namely Emma Marcegaglia’s company. In fact, in its portfolio it has other real estate properties in Italy and it would be reorganizing its activities.
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 will take on the role of a strategic investor. Fondo Strategico Italiano is comprised of two Italian banks, Cassa Depositi e Presiti and The Bank of Italy. It was established by the Italian government in 2011 to “invest in strategic Italian companies and assets.” The sovereign wealth fund intends to stay in the top end of the market, focusing on 3 and 4-star properties.
