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Smeralda Holding. A new 35-room hotel, the fifth, is on its way for the end of 2022

Wednesday, 23 February 2022 10:23

Smeralda Holding is planning a new 35-room hotel for the end of 2022 and gradually completing various renovations, having invested over €100 million, as announced in 2018, for refurbishments on the Cala di Volpe, Pitrizza, Romazzino and Cervo properties. CEO of Smeralda Holding, Mario Ferraro, recently announced that work will start on a fifth property at the end of 2022. Costing about €15 million, this will be a 35-key hotel with an outdoor area and a swimming pool, and some rooms will have private pools.

A new restaurant for the Cala di Volpe

The construction of the new hotel will go hand in hand with the last renovation phase of the Cala di Volpe, with the restyling of the remaining 23 rooms. Also noteworthy is the opening of a restaurant in collaboration with the Zuma group, which will be in the area of the old local tennis club. Next year renovations are planned for the Romazzino and the Pitrizza, at a cost of approximately €65 million.

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The Cala di Volpe and Cervo to open on 17 March

Rumours continue to circulate about a possible change of the brands that manage the four hotels; these rumours have been circulating for years and have never been confirmed or fully denied by the owners. However, there are concrete figures for 2021, a year that went beyond expectations, with revenues of €88.7 million (+108.2% compared to the previous year and +17.8% on 2019). Smeralda Holding has decided to open the season early, with the Cala di Volpe and the Cervo being operational as early as 17 March, while the Romazzino and the Pitrizza will start welcoming guests from 25 May 2022.

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