Invesco acquires NH Collection Milan hotel

The under-construction hotel, part of the new NH Collection is located in the up-and-coming Milan sub-market of CityLife Photo credit: NH Hotel Group

Italian real estate developer IGEFI Group recently sold the under-development NH Collection Milan hotel to global real estate investment manager Invesco Real Estate. 
The under-construction hotel, part of the new NH Collection, the upper-upscale brand of Minor International's NH Hotel Group, is located in the up-and-coming Milan sub-market of CityLife, a mixed-use development that includes office, retail and residential space, all created by the redevelopment of a historic neighborhood. It has attracted major international companies, some of which have relocated their European headquarters there (such as Allianz, Generali, PwC). 

The 185-room hotel is set to open in Q4 2021 and will include food and beverage offerings, conference facilities and a rooftop swimming pool.
“Milan has once again proved that it is an appealing market for international investors such as Invesco Real Estate,” said Francesco Calia, head of CBRE Hotels Italy. (Los Angeles-based real estate company CBRE assisted with the sale.)
“We are delighted to have advised IGEFI on this deal and have had the opportunity to enable Invesco Real Estate to invest once again in the hotel sector in Italy.”

Invesco is reportedly investing €160 million to forward-purchase hotels in Florence and Milan. The hotel in Florence is scheduled to open second-half 2020. 

Virtual Event


Survival in these times is highly dependent on a hotel's ability to quickly adapt and pivot their business to meet the current needs of travelers and the surrounding community. Join us for Optimization Part 2 – a FREE virtual event – as we bring together top players in the industry to discuss alternative uses when occupancy is down, ways to boost F&B revenue, how to help your staff adjust to new challenges and more, in a series of panels focused on how you can regain profitability during this crisis.

Last month, Minor International agreed to sell three of its NH-branded hotels in Lisbon to funds managed by Invesco Real Estate. They will be operated by NH Hotel Group under a long-term lease agreement with the new owner. 

Suggested Articles

The project encompassed a real-time, two-way integration between Infor HMS and Glowing’s Digital Engagement Cloud at Mandarin Oriental hotels.

Two upcoming hotels (and one historic property) in sunshine destinations have announced new leaders for their F&B programming.

Many hotel owners will find themselves in the uncomfortable and unfamiliar position of deciding on a course of action for negotiating with their lende