The Condotti Group Hotel proposes its four hospitality properties as the shopping hotels of the capital city. They are located in the main shopping streets of Rome.
Katara Hospitality, the Hotel Group under the Qatari Sovereign Fund, is about to acquire a stake in the company owning five branded Intercontinental properties located in Europe. The assets are located in Rome, Madrid, Amsterdam, Cannes, Frankfurt.
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.
The Hotel Indigo Rome-St.George will be the first Indigo in Italy. The brand of the IHG group addressed to boutique hotels was born in 2004 and arrived in Europe in 2009, where it currently has 10 structures. The boutique hotel of Rome is located in the very historic center and it will be managed according to a franchise contract with the company Hotel Invest Italiana Srl. Its inauguration is scheduled for the first three months of 2014.
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