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Aeroviaggi and Blackstone.  A €85million joint venture for six Mangia’s resorts

Thursday, 30 December 2021 11:55

Hotel brand Aeroviaggi has entered a strategic partnership agreement with Blackstone through the subsidiary Hotel Investment Partners (Hip).

The agreement provides for the creation of a new joint venture, in which the Mangia family maintains the management of all the hotel facilities and the role of majority shareholder. The new company will own six of the 13 Mangia’s resorts in Sardinia and Sicily, totalling over 1,900 rooms.

Hotels set in pristine natural landscapes 

The hotels are located in popular tourist resorts, have sea view and are set in pristine natural landscapes. The operation is another strategic step for the Aeroviaggi Group following the founding of the Mangia’s brand, and opens the way for a further evolution of its project for development and expansion.

Plans for future development

The joint venture will allow investments of approximately €85 million in the coming years and lead to further enhancement of the resorts and their repositioning in the premium sector of the market. "We are proud to announce that Blackstone, one of the world’s most important funds, has selected us for a partnership that brings Hip into the Italian hospitality market for the first time - underlines Marcello Mangia, President Aeroviaggi - for us this is an unparalleled opportunity to enhance and give further impetus to our development projects.” 

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