Star Hotels acquires Royal Demeure Group properties

Italy: Italian hotel group Starhotels has signed an agreement with TDA Capital Group for the acquisition and management of the hotel properties of the Royal Demeure Group.

Italy: Italian hotel group Starhotels has signed an agreement with TDA Capital Group for the acquisition and management of the hotel properties of the Royal Demeure Group.

The acquisition comprises four five-star hotels, the Hotel d’Inghilterra in Rome, the Hotel Helvetia & Bristol in Florence, the Grand Hotel Continental in Siena and the Resort Hotel Villa Michelangelo in Vicenza, near Venice.

“Our agreement with Starhotels is an important result for the hospitality business, as some of the most prestigious hotels in Italy will be part of the growth of a remarkable Italian hotel group such as Starhotels,” said Luigi de Simone Niquesa, TDA Capital Group president and CEO.

“Through this acquisition, Starhotels confirms its entrepreneurial commitment aimed at further developing its professional management company. I am thankful to Professor de Simone who has decided to support our ambitious project,” said Elisabetta Fabri, president and CEO of Starhotels. “Our choice is aimed at assuring the continuity of the high-end hospitality that is an important symbol of the Italian charm and tradition.”

Starhotels now has a portfolio of 29 hotels in Italy, New York, Paris and London.

www.starhotels.it

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