Four-Star Milan With Scope to Double Size to 250 Keys and Upgrade to Five-Star
Location: Close to Piazza del Duomo, La Scala and the main sights, Milan, Italy
Name: TBA
No. of Keys: Currently 130+
The Opportunity: A unique opportunity to buy an existing four-star hotel in the heart of Milan, and the two buildings either side to upgrade the whole to five-star and double the size. The hotel currently has 130+ rooms, three meeting rooms to hold 200 pax, a basement breakfast room and fifth floor fitness room. There is an indoor pool.
The good news is, that the building, characterised by an arcade of double height, has a facade covered with several marble materials, chosen from the grey and black productions “of the Alps” from the granite gneiss in different shades in the crankcase, the white marble and clear for the six upper floors. The hotel dates back to 1930.
The hotel has a second side of greater importance from the late nineteenth century, in
neo-classical style, characterised by a portal with large columns of pink granite on Via Rastrelli,
overlooking on Arcives Covado and the Duomo. The roof of the building is characterised by a large terrace that provides a fascinating and unique view of the Duomo, the Galleria Vittorio Emanuele II and Piazza Diaz.
The area is 9.000 sqm, with an additional 9,000 sqm in the two adjoining buildings and with recovery of underground space, this takes it up to 20,000 sqm. SV
Main Photo: The view from the hotel
Tenure: Freehold.
Financials: Figures available
Brand/Management: Free
Current Owner: A private company
Agent: Local agent in partnership with The Hotel Property Team
Guide Price: The main hotel: €110m; the two buildings either side €60m and €50m – €220m in all plus €40m budget for refurb….plus taxes
Date Posted: August 2020
THPT Comment: A fab opportunity to take this rather drab hotel and refurb/rebuild to five-star standard, in a great location in Milan.
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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.