Financing of two luxury hotel properties in Italy

Aareal Bank closed a €157.5 million refinancing transaction with Castello SGR, the management company of the Star II real estate investment fund. This financing encompasses two luxury hotel properties: the InterContinental Rome Ambasciatori Palace and the Anglo American Hotel Florence.

Superbly located in Rome’s historic city center on Via Veneto, just 15 minutes from the iconic Spanish Steps on Via Veneto, the InterContinental Rome Ambasciatori Palace, a 5- star hotel, re-opened in 2023 following a complete renovation and rebranding. The hotel now comprises 160 rooms and suites, three in-house dining outlets, a gym, and a Hard Rock Cafe on the ground floor. 

The Anglo American Hotel Florence, part of the Curio Collection by Hilton, reopened in April 2024, following a two-year renovation, and now boasts a modern and elegant design. This 5-star hotel features 118 keys and is prominently located within walking distance of major attractions, such as the Basilica of Santa Maria Novella and Piazza del Duomo. Amenities include a restaurant, a bar, an outdoor terrace, large meeting rooms, and a fitness center.

Hotels

Agent, Facility & Security Agent

EUR 157,500,000

Rome & Florence, Italy

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"It is a great pleasure to be active in the Italian hotel market that is currently gaining investor interest again. Rome and Florence continue to be two of Italy’s fastest growing markets, with high barriers to entry and constrained hotel supply in city center locations. This financing exemplifies our expertise in delivering tailored financing solutions for luxury hotels in Europe's key tourist destinations."

Bettina Graef-Parker

Managing Director, Special Property Finance at Aareal Bank

Your contact persons

Bettina Graef-Parker

Managing Director
Special Property Finance

+49 611 348 2416
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Michelle Weiss

Head of Hotel Properties

+49 611 348 2995
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