The Hotel Romazzino and the Hotel Pitrizza will be operated respectively by LVHM Hospitality Excellence’s Belmond and Cheval Blanc
News release
15 May 2023
JLL has supported Qatar Investment Authority (QIA) on the rebranding of its internationally renowned hotels in Costa Smeralda
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JLL’s Hotels and Hospitality team – a leading global consultancy firm in the real estate sector, has assisted the Qatar Investment Authority (“QIA”) in the selection of the new operators for the Hotel Romazzino and the Hotel Pitrizza, two of Italy’s most exclusive resorts.
The Hotel Romazzino and the Hotel Pitrizza, located in Sardinia’s renowned Costa Smeralda, will be operated respectively by LVMH Hospitality Excellence’s brands Belmond and Cheval Blanc.
Both hotels, will undergo a comprehensive renovation, enhancing the quality and standard of the Hotels, whilst maintaining their historic prestige.
As stated by Michele De Marco, Senior Vice President at JLL’s Hotels & Hospitality Group, Italy, “Mediterranean resort destinations continue to generate strong interest from the leading international luxury hotel operators. The renovation and rebranding of the Romazzino and Pitrizza Hotels will enable the resorts to maintain their unique features whilst enhancing their historic and exclusive status”.
Furthermore, Gilda Perez-Alvarado, Global CEO, Hotels & Hospitality noted how "global luxury resort single-asset liquidity reached $3.7 billion in 2022, its highest annual total in history. Investors and operators have been increasingly attracted to the sector driven by accelerating fundamental performance stemming from changes in consumer travel behavior coming out of the pandemic, namely the increased prioritization of authentic, immersive experiences. We couldn’t be more excited about the outcome of this global effort for the QIA and to experience first-hand the next growth chapter for Costa Smeralda.”
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500® company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 106,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.