Katara Hospitality to buy Interconti 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.

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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.

A new Intercontinental in Switzerland

After a long period of planning and construction, the Intercontinental in Davos, a four star property with brand, opens. The hotel will offer 216 rooms and suites, a spa and extensive meeting and congress facilities. The building features a futuristic façade and is situated in the highest Swiss city, aiming to become one of the most sophisticated resorts in the country.

Piazza di Spagna View targets the USA

Mario Piccini, the former president of Alpitour Hotels & Resorts, created the chain Piazza di Spagna View and plans to reach about twenty structures within a couple of years. On the agenda there is the launch of a couple of hotels in the United States in New York and San Francisco, in partnership with an American builder, and opening in London too. The initial investment is seven million euros and the focus is on the foreign target.