The Arsenale Group has received an injection of up to €300 million from Oaktree Capital Management.
Arsenale's current pipeline projects in the hotel industry include the future Orient Express Hotel de La Minerve in Rome and Palazzo Donà Giovannelli in Venice, as well as in the luxury train sector. Its new Orient Express La Dolce Vita, in collaboration with Accor, Trenitalia-Gruppo Ferrovie dello Stato, and Fondazione Fs, includes a fleet of six luxury trains operating on dedicated routes throughout Italy and Europe. The Oaktree investment will directly contribute to the project's development and launch, which is scheduled to start in 2023. Arsenale is the result of a collaboration between Paolo Barletta and Annabel Holding, who retain complete ownership of the company.
Competing with major international players
"We are very happy for the positive conclusion of this agreement, which lays the foundations for the expansion and strengthening of our company, both in terms of financial security and know-how,” underlines the CEO of Arsenale, Paolo Barletta. “The support of an international fund such as Oaktree consolidates our presence in hospitality, with a financial strength that allows us to compete with the major international groups.”
The group is also looking at acquiring new properties in Italy in the destination segment.
