The American REIT Oaktree acquires the hotel portfolio of Castello SGR

The hotel portfolio owned by Castello SGR pA was acquired, consisting of 15 hotel properties which have approximately 1,600 rooms, located in Italian business and leisure destinations. The total value of the transaction is around 300 million Euros. The portfolio includes the Grottagiusti, Fonteverde, Chia Laguna, Le Massif hotels, mainly in prestigious tourist locations. The acquisition also provides for the possibility of expanding hotel assets through new acquisitions, for which new investment opportunities appear to have been identified.

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