The Leonardo Hotels Central Europe Group expands in Rome, acquiring the Hotel dei Borgia.
Close to the Colosseum, with 80 rooms
The transaction, concluded for an undisclosed sum, was conducted through the closed real estate fund Borgia managed by Castello SGR. Located just a few steps from the Colosseum and the Imperial Forum, the former Hotel dei Borgia has been renamed Leonardo Boutique Hotel Rome Monti: a 4-star hotel on six floors with a basement. It also has 80 rooms, a breakfast room, a lounge bar adjacent to the lobby and two fully equipped meeting rooms as well as a wellness area.
The six Leonardo hotels have a total of around 1,700 keys
The Italian market represents one of the biggest growth areas for Leonardo Hotels Central Europe, where the hotel chain headed by Yoram Biton currently boasts six properties with a total of some 1,700 keys, including the Leonardo Hotel Milan City Center, the Nyx Hotel Milan, the Leonardo Royal Hotel Venice Mestre, the Leonardo Hotel Lago di Garda Wellness and Spa, the Leonardo Hotel Verona and the Leonardo Boutique Hotel Rome Termini.
A new hotel for Rome this summer
With the acquisition of the former Hotel dei Borgia, the Italian portfolio will comprise nine properties by 2025. In addition to this recent acquisition, there is a Master Collection property, recently opened by a sister company, and the Nyx Hotel Rome (formerly Hotel Cicerone), which is scheduled to open in the summer of 2025. Following the record turnover of €50 million generated by Cluster Italy in 2023, this is expected to increase to some €56 million in 2024, supported by an average annual occupancy close to 85%.
