Garibaldi Hotels' real estate assets have been boosted by the purchase of the Avalon Sikani Resort in Sicily.
The owners are assessing an upgrade from 4 to 5 stars
The property in Gioiosa Marea on the northern coast of Sicily, has been managed by the Ostuni-based company since 2019. The total investment of some €5 million also includes a renovation with a view to a possible repositioning of the complex. "This beautiful location has given us great satisfaction and as soon as the opportunity arose, we decided to invest here,- says Fabrizio Prete, general manager of Garibaldi Hotels. -The project not only concerns the purchase of the property, we are also assessing various options for the future development of the Avalon Sikani Resort such as an upgrade from 4 to 5 stars, to make it the group's flagship and we are talking to international brands regarding possible partnerships."
A private beach, restaurant and spa
The complex, which enjoys views of the Aeolian Islands, has 119 rooms, with another 18 under construction, and all have sea views. It also has a large panoramic swimming pool, a private beach at Gioiosa Marea as well as a restaurant, gym, spa and mini club for kids. The resort is easily accessible by motorway from the international airports of Catania Fontanarossa and Palermo Punta Raisi.
International brands are interested in less touristy areas
The Sikani will probably not be Garibaldi Hotels' only investment in Sicily, where the group is also already present with the Baraka Village in Scoglitti, near Ragusa: "We want to further strengthen our presence here. There is strong interest from international chains interested in investing not only in well-known areas, such as Palermo, but also in less touristy destinations with strong development potential, such as Gioiosa Marea,- says Egidio Ventimiglia, managing director of the Ostuni-based group. Garibaldi Hotels created its real estate business unit in 2018 then taking over two of historic properties in Trentino: the Hotel Monzoni (2018) and the Hotel Piaz (2023).
