Italy: Owner and developer Molo Hotel Group has purchased the Hotel Alexandra in Rome, marking the first acquisition in continental Europe for the group.
Lighthouse Hotel Management will operate Hotel Alexandra, and plans are underway for a major refurbishment and repositioning of the property.
The acquisition follows last year’s purchase of the Manchebo Beach Resort and Spa in Aruba. Molo has an additional three hotels under construction which are scheduled to open in spring 2023.
Ross Morrow, managing director of Molo Hotel Group, said: “We are delighted to finalise the acquisition of the Hotel Alexandra; it’s a beautiful building in historic surroundings. We are excited by the plans to refurbish the property and to extend the Hotel Alexandra’s illustrious history.”
Stephen Bench, managing director of Lighthouse Hotel Management, said: “The Hotel Alexandra marks an important milestone for Lighthouse. Our first hotel in mainland Europe brings many opportunities and we can’t wait to create a first-class hotel experience on Via Veneto.”
Other properties in Molo’s portfolio include The Reach at Piccadilly, a Tribute Portfolio Hotel (Manchester), Hotel Indigo Liverpool Ropewalks, and several Holiday Inn and Courtyard properties throughout the UK.