Italy: Different funding supervisor Limestone Capital AG has acquired a luxurious resort in Costa Smeralda, Sardinia, which it is going to reposition into an Aethos resort.
The acquisition provides to the group’s portfolio of 4 lodges in Italy.
Set to open in Might 2024 below the Aethos model, the five-star resort will provide 63 rooms and suites, freshwater swimming pools, a gymnasium, the ZAÏA Sardinia restaurant, and extra.
Interiors can be led by Barcelona-based Astet Studio.
Benjamin Habbel, CEO of Limestone Capital, mentioned: “This acquisition represents a fantastic milestone for Limestone Capital by increasing our presence in Italy and including an opulent asset in a globally famend resort vacation spot to our European portfolio. We’re deeply dedicated to the rising hospitality sector in Europe and actively exploring quite a few avenues for value-add acquisition and development.”
Limestone co-founder, Jeff Coe added: “This transaction reconfirms Limestone Capital’s conviction in the long run prospects for the European leisure market and our perception that there’s additionally vital pent-up demand for leisure journey. As we progress with our strategic development plan, bolstered by current property throughout France, Spain, Italy, and Portugal, famend for his or her top-tier hospitality, buying this resort underscores our dedication to the European resort sector.”
Aethos is an “experience-led boutique resort and members membership” model with locations in Italy, France, and Portugal. Upcoming openings are scheduled in Spain and different nations with the purpose of launching 5 extra websites within the subsequent two years.
