The hotel will be managed by Eurazeo
Edmond de Rothschild allocated € 28.3 million in global loans for the project, acting through his own Edmond de Rothschild European High Yield I Real Estate Debt Fund and another separate fund dedicated to a German insurance group. Grape Hospitality, a pan-European hospitality platform founded in 2016 and controlled by Eurazeo, will manage the hotel. Eurazeo owns, operates, and manages 106 hotels and 70 restaurants in eight countries, totaling over 10,000 rooms, and affiliated through franchising contracts.
Funding completed in Germany, France and the Netherlands
"This transaction marks the first commercial operation of our pan-European fund in Italy, as well as the first in the hospitality sector,” explains Edmond de Rothschild's head of real estate debt, Ralf Kind. “The four previous funding operations we have conducted in Germany, France and the Netherlands demonstrated our team's ability to identify and create compelling businesses across Europe, supported by experienced sponsors and reliable funds. We will continue to intensify our international fundraising activities to grow our pan-European high yield investment fund which is due to close at the end of 2022.”
