Minor Hotels takes aim at Portopiccolo's tourism business management, in the port complex near Trieste.
The Minor Hotels interest is based on rumours
It could be the Minor Hotels group (we still don't know which brand) to take over the management of the tourist activities of the Portopiccolo complex, in Sistiana, near Trieste. This is according to rumours published by Trieste’s daily newspaper Il Piccolo. They emerged after the city’s civil court rejected the appeal by the company Trieste 2040, the new name of Ppn Hospitality which was managing the 58-room five-star hotel Falisia Luxury Collection Resort & Spa, as well as 203 luxury flats, 110 berths and the nearby Castelreggio public beach.
Falisia Luxury Collection Resort & Spa was taken over for €36 million
Trieste 2040 is in financial difficulties and, due to defaults has received an executive eviction from Portopiccolo's owners, Hig Realty Partners and Rilke. Hig Realty Partners, the real estate investment division of the international fund Hig Capital, took over the tourist complex in 2020 for €150 million, of which around €36 million for the five-star property. This was in collaboration with the asset management company InvestiRe. Rilke, a subsidiary of the Rizzani de Eccher group which sold, but retained a minority stake.
