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.
Covivio completes the acquisition of the Boscolo portfolio, NH Hotel Group as a new operator
Covivio Hotels has completed the acquisition of the Boscolo portfolio sold by Varde Partners for