Austrian Jp Immobilien acquires a residence in Trieste. Continuing its investment programme, just a few days after having acquired the Milano Hotel in Madonna di Campiglio, which will become a lifestyle property, it has now taken over the Residence del Mare Casa Minelli in Trieste. This operation, as in the case of the Trentino property, was handled by its Jp Hospitality Investors Club company.
A 3-star with 36 apartments
The hotel is in a pedestrian area in the old historical centre near Piazza Unità d’Italia which is close to the promenade and the port. It has 36 short-&-long-stay apartments with kitchenettes. The 3-star property is in good condition but will undergo a light restyling with a view to marketing it as a lifestyle product.
Jp Immobilien’s 5th Italian acquisition
This is the fifth acquisition for the Austrian group which earlier this year took over the Italian State Railway’s Palazzo Compartimentale for €10 million. The plan is to convert this property into a 4-star with 159 rooms as a 25hours, the second of the Accor-Ennismore brand in Italy following the debut of the Florence property.
