The Student Hotel and UniCredit have just signed an agreement in the context of the Social Impact Banking project launched by the Italian bank in 2017.
Supported by a Sace green guarantee of €54 million, the new €145 million loan is aimed at the development of two new hotels in Rome San Lorenzo and Florence Belfiore.
Scholarships for disadvantaged students
The loan includes conditions such as achieving a very good BREEAM rating in both locations, and TSH and UniCredit have also agreed to include ad hoc conditions in the loan. These include a provision that provides students from disadvantaged backgrounds with scholarships in the form of discounts on rental rates. The project will support the redevelopment of the San Lorenzo (Rome) and Belfiore (Florence) districts. With these two new openings, TSH will reach a total of five hotels in Italy.
In Rome 396 rooms and co-working spaces
In Rome construction will officially begin in March. The completion of work on the hotel, with 396 rooms, an area of over 22,750 square metres and a total investment of over €90 million by TSH is scheduled for winter 2023/24. The complex will include a restaurant, bar, meeting and co-working spaces and a gym, as well as a large public park with free admission.
The new Florence hotel will have a public running track on the roof
In Florence, the development consists of a 550-room structure with an area of over 80,000 square metres. Construction began last September and is expected to finish for the 2024 summer season. TSH will invest over €160 million in the project. In addition to the hotel rooms, the bar, the gym, the workspaces and the public park, the Belfiore complex will also include a public running track on the roof of the building.
