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 opening is scheduled for the last three months of 2013, after ending the conversion of the structure to the IHG group brand, which has 32 hotels in Italy and other 3 opening in the next three years. Holiday Inn Rome – Pisana has 229 rooms and will be managed according to a franchise agreement with Roma Ovest S.r.l., which forms part of Jsh Group. The hotel is halfway between Fiumicino airport and the center of Rome.
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