With the hospitality sector booming across Europe and taking an increasingly important role in GRE’s investment strategy, we are pleased to share our experience in this asset class at specialised events like ITHIC Italian Hospitality Investment Conference. At ITHIC2024, GRE’s Gabriella Pelosi joined the "Talk on Capital Markets - Well Established Lenders and Investors Approaching New Emerging Hospitality Deals".
Main takeaways:
Growth potential in the sector: There’s a notable increase in institutional lenders and investors in this market. We see strong fundamentals and growth potential in the hospitality sector across Europe: post-pandemic trends show increased travel demand and a shift towards services, benefiting hotels and accommodation facilities.
Strategic transformation: The main example of our commitment to this sector is the transformation of Generali’s iconic headquarters in Piazza Cordusio, Milan, into a 5-star hotel operated by Meliá Hotels International. Today, our European hotel portfolio includes 14 properties in major cities, and we aim to continue investing in Italy, Spain, France, Germany, and Czech Republic where we currently have presence as well as entering new European markets.
Partnerships for quality: In this competitive sector with a focus on high-quality, long-term partnerships with specialised operators are key to achieve commonly shared quality excellence standards and financial goals.
ESG integration: ESG due diligence is fully embedded in our investment decisions, and this also includes the operational aspects of hotel management, which significantly impact ESG performance.
