Italian independent hotel group Starhotels has agreed with TDA Capital Group to acquire and manage four hotels of Rome-based Royal Demeure Group. Terms of the deal were not disclosed.
The acquisition, which brings Starhotels to 29 hotels across Italy, New York, Paris and London, comprises 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.
“Through this acquisition, Starhotels confirms its entrepreneurial commitment aimed at further developing its professional management company. I am thankful to Professor de Simone (TDA Capital Group President and CEO Luigi de Simone Niquesa) who has decided to support our ambitious project,” said Elisabetta Fabri, president and CEO of Starhotels.
“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,” said Niquesa.