JP Hospitality Investors Club has acquired the Hotel Milano in Italy for an undisclosed amount and plans to redesign the property to boost its appeal.
Hotel Milano is a mid-scale hotel located at Piazza Righi in Madonna di Campiglio, a ski and summer resort in northern Italy.
The property was constructed in the 1960s and has 44 rooms, 38 of which have balconies. There is also a restaurant, a bar and a lounge area, with a total floor area of about 2,900 square meters.
Additionally, it features multiple wellness facilities, including a bio-sauna, solarium, and gym.
What they said
Daniel Jelitzka, founder of JP Immobilien Group and chairman of the advisory board of JP Hospitality, said: "Madonna di Campiglio is a unique ski resort with a special charisma in the northern Italian Alpine region and, due to its location and infrastructure, offers ideal conditions for a variety of winter and summer tourism activities. With a revitalized hip hotel and an attractive F&B offering, we will cover the resilient and highly sought-after lifestyle segment here, as we have done at other locations before."
Lukas Euler-Rolle, Managing Partner and CEO of JP Hospitality, said: "With a clear concept, we will redesign an existing structure in a contemporary way and develop it into an alpine lifestyle hotel at one of the most attractive alpine winter and summer tourism locations in Europe at 1,600 meters above sea level.”