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The Baltour Group acquires the newly-restyled 4-star Sporting Hotel in Teramo

Wednesday, 09 February 2022 13:22

At the end of 2021 the Ab-Ar company, part of the Baltour Group, acquired the 62-room 4-star Sporting Hotel in Teramo.

On an auction base of €1.4 million the Teramo-based company offered €3 million, adding the new property to the Gambrinus Residence in Giulianova, which has long been managed by the same company led by entrepreneur Agostino Ballone.

The hotel is undergoing a major renovation

The Baltour Group is now planning an important project to develop and relaunch the hotel. Built in the late '60s and owned for decades by the entrepreneur Elvano Alberico, the Sporting first ended up at auction in 2015, following the bankruptcy of the business of the Roman entrepreneur Alessandro Laganà, who in 2010, had invested €10.7 million to acquire and renovate the hotel.

A new look for the rooms and restaurants

The current restyling is expected to take about a year and a half and will give a new look to the  60 rooms on six floors, three conference rooms (300 seats in total), two restaurants with a total of 200 covers and a wellness area with gym.

Teramo is close to ski resorts and Adriatic beaches  

Teramo (which is some 150 kilometres from Rome) is a lively town in the mountainous heart of the Abruzzo region and an ideal destination for nature lovers, given its location between the Gran Sasso range (the highest in the central Apennines) with its renowned ski resorts, and the sunny beaches of the Adriatic Sea. Visitors to this former ancient Roman city – archaeological remains like the old amphitheatre and the public baths can be visited – can delight in its quaint streets, monuments and museums as well as its museums, shops and restaurants.  It is less than an hour by car from Pescara International Airport. 

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