JP Hospitality acquires in Italy: JP Hospitality Investors Club, Vienna, Austria, has acquired Hotel Milano in Madonna di Campiglio in northeast Italy. PKF hospitality served as commercial advisor to JP Hospitality in the deal. Constructed in the 1960s, the mid-scale ski and summer resort offers 44 rooms, a restaurant, bar and a lounge area with a total GFA of around 2,900 square meters, wellness facilities (including a bio sauna), solarium and gym.
Anantara’s second project in Portugal: Anantara Hotels, Resorts & Spas has announced its second property in Portugal — Anantara Royal Villa Vicosa Resort — as part of a strategic partnership with Porto, Portugal-based Investaureum. The hotel, which is set to open in 2024 in Villa Vicosa, is part of Anantara’s strategic expansion plan in Europe. The former iconic, 15th century monastery in Villa Vicosa will be transformed into a luxury resort featuring 50 rooms, 10 suites, 16 residences, an outdoor and indoor pool and several dining venues. Interior design will be led by London-headquartered Broadway Malyan.
Dominvs Group gets go-ahead for twin-hotel project: Dominvs Group, London, has secured the approval from Wandsworth Council’s planning committee to develop two hotels on Nine Elms in southwest London on the site of an earlier Victorian ground. The dual flagship hotel, with a total of 837 rooms, will be located adjacent to the U.S. Embassy and is expected to open in 2024. The two hotels, which will be designed by architects Squire and Partners, will be run by different operators and joined by a common basement facility. The north building will be an 11-story, midscale hotel and consist of 360 rooms, while the 477-key, 15-story south hotel will offer affordable luxury, accessible ground-floor café and a rooftop restaurant and bar with views towards the Thames. The approval comes amid Dominvs’s plans to grow its £2.4 billion (US$2.91 billion) development pipeline, which constitutes hotels, residential projects, student accommodation and mixed-use schemes.
Bally’s sells 2 casinos: Bally’s Corp. has entered into a binding term sheet with Santa Monica, California-based GLP Capital, the operating partnership of Gaming and Leisure Properties (GLPI), to acquire the real property assets of two of Bally’s casinos in Rhode Island — Bally’s Twin River Lincoln Casino Resort and Bally’s Tiverton Casino & Hotel. The total value of the acquisition is US$1 billion. Bally’s will immediately lease back both the properties and continue to own, manage and control all the gaming operations on an uninterrupted basis. The properties will be added to Bally’s master lease between GLPI and Bally’s, with incremental rent of US$76.3 million. GLP will also pre-fund, at Bally’s election, a deposit of US$200 million which will be credited or repaid to GLP by December 31, 2023. Bally’s will pay a transaction fee of US$9 million at closing.
Wyndham joins Safe Stays by ReloShare: Wyndham Hotels and Resorts has joined Safe Stays by ReloShare, which provides social service agencies safe emergency accommodation for victims of crime. Social agencies looking can now access Wyndham-branded rooms for online bookings in emergency situations. Over 135 new social service and governmental agencies have joined the lodging portal since this January. A total of 220 agencies in the U.S. use the platform, which ensures anonymity by using name aliases and doesn’t mandate credit card identification details on check-in.