Millennium & Copthorne Hotels to buy a luxury asset in Rome

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.

Related posts

Katara Hospitality to buy Interconti 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.

Birth of "shopping hotels" in Rome

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.