Starhotels Acquires Royal Demeure Group's Portfolio of Four Italian Luxury Hotels from TDA Capital Group
Rome's well known Hotel d'Inghilterra and the hotel Helvetia & Bristol in Florence are part of the deal. The agreement is aimed to add value to high end Italian hospitality.
FLORENCE, IT. March 30, 2016 - Starhotels, the leading independent Italian hotel group with an international footprint, announces the agreement with TDA Capital Group for the acquisition and management of the hotel properties of the Royal Demeure Group.
The acquisition comprises the following 5 star hotels, the Hotel d'Inghilterra near Rome's Spanish Steps, the Hotel Helvetia & Bristol in Florence's historical center, the magnificent Grand Hotel Continental in the heart of Siena and the luxurious Resort Hotel Villa Michelangelo in Vicenza, near Venice.
Grand Hotel Continental, Siena
The agreement involves two of the most important hotel groups in Italy and is aimed to create the first high quality aggregation model in hospitality, adding value to Starhotels entrepreneurial project and relaunching the exclusive properties as part of the acquisition.
“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” was commented by Luigi de Simone Niquesa - TDA Capital Group President and CEO.
“Through this acquisition, Starhotels confirms its entrepreneurial commitment aimed at further developing its professional management company. I am thankful to Professor de Simone who has decided to support our ambitious project” declared Elisabetta Fabri, President and CEO of Starhotels.
Elisabetta Fabri and Luigi de Simone Niquesa also added: “Our choice is aimed at assuring the continuity of the high-end hospitality that is an important symbol of the Italian charm and tradition”.
Starhotels reinforces - thanks to such a high quality acquisition - its position within the high-end hospitality segment while reaching the total number of 29 hotels, located both in Italy's most charming cities in addition to New York, Paris and London
The agreement has been achieved thanks to the valuable support of the Grande Stevens legal company for TDA Capital Group and Gianni, Origoni, Grippo, Cappelli & Partners in addition to Progenia advisors for Starhotels.
About Starhotels
The Italian hotel chain, led by Elisabetta Fabri, with 24 hotels owned in some of Italy's and the world's most beautiful cities; among these 7 Collezione hotels in the heart of New York, Paris, London, Milan, Venice and Trieste. All Starhotels are strategically located in city centers. Every hotel offers the warm welcome of the finest Italian hospitality, impeccable service and rooms that distinguish themselves by their unparalleled style and comfort.
Contact:
Marta Olivari, PR Manager
m.olivari@starhotels.it
+39 346 4045415
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
