Hotel investor citizenM has marked its entry into the Italian market

Business e via Italy - Hotel investor citizenM has marked its entry into the Italian market with the acquisition of an asset in Rome for a newly launched fund. The company – which is backed by Singapore’s sovereign wealth fund GIC and Dutch pension fund manager APG – has hired asset manager Antirion to establish the new alternative investment fund to invest in existing hotels and assets suitable for hotel conversion. Hotel group citizenM said the fund will target assets in Italy’s major cities, with a specific focus on Rome and Milan. The first property acquired was built in the late 1950s and has an overall area of approximately 7,000sqm. The asset will be refurbished and converted into a citizenM hotel with 160 rooms. #finance #business #madeinitaly #italy #investment #management #retail #merger #banking #setup #italian #fashion #distribution #food #assistance #legal #insurance #automotive #industry #fashion #faahionweek #production #businessdevelopment #sales #internationalisation #realestate #assetmanagement #commercial #privateequity

United Kingdom

5 Upper Montagu Street

London W1H 2AG

Tel +44 20 3287 2407

Company no 07022539

Italy

Via Frua 6

Milano 20146

Tel +39 02 89745 520 

P.IVA 09695750969

 

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Beijing

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