Vol. I · No. 01July 2026Hospitality Investment Review
Analysis, deals and strategies to invest, enhance and relaunch hospitality assets.
A specialised vantage point to read with greater depth the real value of hotel assets, the logic of transactions, risk factors, development opportunities and relaunch strategies.
Italy is a paradox we know well. It has some of the most beautiful hotels in the world, internationally driven demand that is growing structurally, and average rates that, in the prime destinations, stand comparison with any European capital. And yet its accommodation fabric is the most fragmented on the continent: more than thirty thousand hotels, the vast majority independent or family-run, and a chain penetration that stalls at around 6–7% of rooms, against figures well above 40% in Spain, the United Kingdom and the United States.
A vantage point on value in the hospitality sector.
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Many deals look attractive only on the surface.
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Many assets are assessed with inadequate tools.
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Many struggling hotels do not only have an economic problem, but one of governance, structure, model or vision.
Investimenti Alberghieri was created to address these topics with a technical, selective and decision-oriented approach. Not to chase volume, but to offer useful frames of reference for those who operate, invest, analyse or evaluate the hospitality sector professionally.
The conclusion comes before the news. The refinancing completed by Hilton Grand Vacations with J.P. Morgan does not reduce the company’s debt and should not aut…
Accor commissioned an external legal review into CEO Sébastien Bazin. No legal or fiduciary breaches were found, but the case raises important governance questi…
Kryalos has acquired a hotel near Termini station and a property to be converted near Piazza di Spagna on behalf of the Room00 Fund. The transaction combines in…
Hotel iconici, resort, portafogli immobiliari e società di gestione sono passati di mano, attirando capitali italiani e internazionali. Alcune operazioni hanno …
Emaar Hospitality Group demonstrates that a hotel can generate considerably more than its own EBITDA. It can support residential values, increase the appeal of …
EKN Development is investing more than €64 million in the Grand Hotel San Pellegrino under a 99-year concession. The project includes 118 rooms, a thermal spa …
Roberto Necci··3 min
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From the founder
“A hotel is not just a piece of real estate but a complex asset where location, management, financial structure, reputation and the capacity to generate value over time all intertwine. Reading it properly is the first act of any serious investment.”
A firm focused on governance, advisory and hotel development. A bridge between investment analysis and the logic of management, organisation and enhancement of hospitality assets.