Residence “Rocce Rosse”. Isola Rossa, Sardinia, Italy
In April 2022 the fund acquired the hotel Annamaria in Folgarida (Italy) from the family who built it and had been managing it. The Hotel has currently 103 rooms with a 3 stars standard. It will be expanded to 111 rooms and the rating increased to 4 stars and we will build a Wellness & Spa. We will also carry out significant refurbishment works such as renewing the rooms, including the toilets, new floors across the building, new windows, new electric and plumbing systems and a new roof. We already have several commitment letters for the rental and management of the Hotel with a rent of 22% of the turnover with a minimum guaranteed of 650’000 euro.