Jones Lang LaSalle Ltd.

05/18/2023 | Press release | Distributed by Public on 05/18/2023 03:48

JLL Hotels & Hospitality Group advises Aquileia Capital Services (Bain Capital) on the sale of Principe di Lazise Wellness & Spa Resort to Fattal Hotel Group

JLL Hotels & Hospitality team advised Aquileia Capital Services (Bain Capital) on the sale of the Principe di Lazise Wellness & Spa Hotel, located near the shore of Lake Garda, to Fattal Hotel Group.

Covering an area of ​​12,300 sqm, the resort features 127 rooms and a wide range of recreational services, including a spa of over 2,000 sqm, two outdoor swimming pools, conference rooms and events spaces, a restaurant and a bar. The property is located a few steps from the picturesque village of Lazise, ​​one of the most popular tourist spots on Lake Garda, which attracts a significant flow of international tourists every year.

Claudia Bisignani, Head of Hotels & Hospitality, JLL Italy, led on the transaction and commented, "The sale of the Principe di Lazise Wellness & Spa Hotel confirms the renewed interest of international investors towards Italy and its resort destinations, even when considering the current macroeconomic context. The attractiveness of the deal was determined by the growing interest in Lake Garda's hotel market, which boasts an extended seasonality, a demand characterized by a strong international component and by growing hotel performance, together with the opportunity to create value through a rebranding strategy."

About JLL

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. A Fortune 500 company with annual revenue of $20.9 billion and operations in over 80 countries around the world, our more than 103,000 employees bring the power of a global platform combined with local expertise. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.