NAV Discounts: the back door into Italy’s hotel real estate
Italy’s real estate fund market holds more than €140 billion of property, including a growing allocation to hospitality. Yet many hotel investment opportunities…
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.
Roberto Necci
Founder & director
Professional active in the hospitality sector in advisory, analysis, management, restructuring and development of hospitality assets.
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.
Read the analysisMany deals look attractive only on the surface.
Many assets are assessed with inadequate tools.
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.
Italy’s real estate fund market holds more than €140 billion of property, including a growing allocation to hospitality. Yet many hotel investment opportunities…
The Former Hotel Salsomaggiore in Tabiano offers 915 sqm across five floors and has been closed for eighteen years. But the real question is not how much it wou…
The Montecatini thermal estate failed to attract a buyer at more than €42 million and again at approximately €35 million. Once the portfolio was divided into mo…
Rocco Forte Hotels is transforming Palazzo Castelluccio in Noto into a 31-suite luxury hotel. The €15 million financing provided by BCC Banca Iccrea and BCC di …
The Grand Hotel Campo dei Fiori in Varese, Giuseppe Sommaruga’s Liberty-style masterpiece closed since 1968, now has a preliminary 65-room redevelopment plan. P…
Grand Hotel Busca Thedy in Gressoney-La-Trinité has been closed since a fire in 2004. Six thousand square metres, ninety historic rooms and potential additional…
“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.
Find out moreInvestimenti Alberghieri addresses professional interlocutors who want to approach the sector with a structured, technical and value-oriented logic.