Italy's Starhotels buys properties in Royal Demeure Group collection

Starhotels

Independent Italian hotel group Starhotels has signed an agreement with TDA Capital Group to acquire and manage the hotel properties of the Royal Demeure Group. 

The properties include the Hotel d’Inghilterra near Rome’s Spanish Steps, the Hotel Helvetia & Bristol in Florence’s historical center, the Grand Hotel Continental in the heart of Siena and the  Resort Hotel Villa Michelangelo in Vicenza, near Venice.

The agreement, according to a statement from Starhotels, looks to create "the first high-quality aggregation model in hospitality, adding value to Starhotels entrepreneurial project and relaunching the exclusive properties as part of the acquisition."

FREE DAILY NEWSLETTER

Like this story? Subscribe to IHIF!

The hospitality industry turns to IHIF International Hotel Investment News as the must-read source for investment and development coverage worldwide. Sign up today to get inside the deal with the latest transactions, openings, financing, and more delivered to your inbox and read on the go.

“Our agreement with Starhotels is an important result for the hospitality business, as some of the most prestigious hotels in Italy will be part of the growth of a remarkable Italian hotel group such as Starhotels” Luigi de Simone Niquesa – TDA Capital Group president and CEO, said in a statement.

With the acquisition, Starhotels has 29 hotels in several Italian cities as well as New York, Paris and London. 

Read more on

Suggested Articles

Ahead of the Mediterranean Resort & Hotel Real Estate Forum, Joachim Schmitt discusses the hospitality investment climate.

Urbanica The Hotels plans to develop a 20-story, 200-room hotel on a beachfront lot it bought from China City Construction for $40 million.

The newly added properties add a total of 337 guestrooms to the owner/operator's portfolio.