The W Hotels brand, part of the Marriott portfolio, is set to make its debut with a new opulent lifestyle complex in Poltu Quatu in Sardinia.
150 hotel rooms and serviced apartments
Encompassing more than 240 units, including some 150 hotel rooms and areas designated as serviced apartments, confirmation of the project coincides with the completion of the deal, with the asset management company Castello SGR acquiring a local real estate complex for €70 million. The transaction was facilitated through the recently established Gem Fund and the entire property, currently composed of a 139-room hotel and over 100 residential units, will undergo a refurbishment.
“The Costa Smeralda is a premier global destination”
This venture aligns with Castello SGR's strategic development plan to strengthen its foothold in the hospitality sector. The recent inclusion in the Anima group has further boosted its position, and with a portfolio valued at some one billion euro, consisting of 32 properties and over 4,000 rooms, Giampiero Schiavo, CEO of Castello SGR, highlights the operation's significance in the context of Sardinia's luxury brand allure. “In the current market dynamics, the hospitality segment stands out as particularly attractive, and this acquisition contributes to the repositioning of properties in the super luxury segment, reinforcing Arzachena with the Costa Smeralda as a premier global destination.”
