Major investors in the hospitality sector are showing signs of interest again following the announcement that longstanding Four Seasons shareholder Bill Gates has acquired a controlling interest of the company. In Italy Paolo Bottelli, CEO of asset management company Kryalos SGR in an interview with the national business daily Il Sole 24 Ore, spoke about future development strategies in the light of the post-pandemic recovery.
W Rome to follow The Hoxton
The company will soon open W Rome (following the The Hoxton opening in May) and seems intent on expanding its investments to extra-urban destinations, in particular seaside resorts and lakes. Kryalos manages real estate assets for a totalof just under €8.5 billion and is also a shareholder in Blackstone, which in turn is a shareholder of Kryalos SGR, having acquired 35% of the company three years ago.
