Trentino Hotel Piaz, a new real estate transaction for Garibaldi Hotels, is a €1.5 million investment, to which a further million will be added for renovations.
Garibaldi Hotels has ten properties in Italy
The Garibaldi Hotels group has acquired the Piaz di Pera di Fassa in Trentino, a hotel already under management by the Apulian company, founded in 2013 by the current general manager and managing director, Fabrizio Prete and Egidio Ventimiglia. Today, the company manages a portfolio of ten properties in Puglia, Sicily, Sardinia, Umbria, Lazio and Trentino.
The goal for 2023 is a turnover of €15 million
The financial partner of the real estate operation was Unicredit. In 2022 Garibaldi Hotels achieved pre-pandemic results with a turnover of €10.5 million. Last October the company also acquired a property in Ostuni, where it moved its new headquarters. The goal for 2023 is to reach a turnover of €15 million."In 2018, with the birth of our real estate business unit, we charted the course to be followed based on sustainable choices and investments,- says Prete. - A project that led us, in just a few years, to take over two of our historical hotels in Trentino.”
