The Alexandra in Rome passes into the hands of the Scottish Molo Hotel group. The acquisition was revealed by the real estate consultancy company CBRE, which followed the operation as exclusive advisor for the sale. However, the amount of the transaction is not known, nor is the capital reserved for the property redevelopment project.
The Alexandra is on Rome’s upmarket Via Veneto
The Hotel Alexandra Rome enjoys a strategic position on Via Veneto. The building is spread over six floors, with a total of 57 rooms. There is also a breakfast room, an external restaurant and a bar.
“We are repositioning it towards an upscale lifestyle boutique”
“We are pleased to have assisted the family that owns the Alexandra Hotel in this transaction which once again consecrates Via Veneto as the fulcrum of Roman hotel redevelopment – declares Domenico Basanisi, head of investment properties hotels at CBRE Italy -. This time it will not be a repositioning towards the ultra-luxury segment, but towards the trendier upscale lifestyle boutique. It was a pleasure to have worked with the Molo Hotel Group and congratulations for having completed their first acquisition in Italy.”
The Scottish group has six properties and another three in the pipeline
The Scottish company is a developer, investor and operator founded in 2017. It currently has a portfolio of six properties and three in the pipeline scheduled to open in 2023. The collection includes the Manchebo Beach Resort & Spa in Aruba, the Courtyard by Marriott London Luton Airport, the Holiday Inn Express Cambridge West, the Courtyard by Marriott Edinburgh West and the Courtyard by Marriott Inverness Airport, and of course the Alexandra in Rome. Opening soon are The Reach at Piccadilly, Manchester a Tribute Portfolio Hotel, Indigo Liverpool Ropewalks and Holiday Inn Express Liverpool Ropewalks.
