Coldwell Banker Commercial has sold the prestigious Six Senses Rome, the 5-star luxury hotel that opened last March within the Palazzo Salviati Cesi Mellini, in Piazza San Marcello, just a stone's throw from Piazza Venezia.
The asset, acquired in 2018 by Orion European Real Estate Fund V (Orion Capital Managers) for €95 million, has been refurbished by general contractor CDS Holding. LEED Gold certified, the property was sold to the Statuto Group, an investor who already owns some of the most prestigious luxury Italian hotels, for a value of €245 million, thus achieving one of the highest prices on a per-key basis in Europe (€2.6 million per key).
The luxury hospitality gem, with an incredible 1,000 sqm terrace and a 360-degree view of the city, offers 95 keys managed by the Six Senses brand, part of the IHG Hotel & Resorts group. They will continue to provide a set of excellent services, including a wellness sanctuary and the BIVIUM Restaurant-Café-Bar.
Giuseppe Rojo, CEO of CB Commercial: "This transaction consolidates our role as a leading advisor in the hospitality sector. After the sale of the San Domenico Palace in Taormina, where we were in charge of the disposal of the property, we are proud to have once again supported the Statuto Group in pursuing its vision of creating a truly broad and unique portfolio of exclusive hotels in Italy and from July also in Ibiza.”
Leonardo Stassi, Head of Hospitality at CB Commercial "The Six Senses is an example of how value can be created through luxury branding and opens a new perspective on the value that truly unique and special hotels can achieve for a certain type of buyer. This sale adds to CB Commercial's strong track record of successful transactional activity. There is significant dry powder on the sideline. Volatility is subsiding in operations and financing, which coupled with the narrowing of the bid and ask gap, in many instances lender-driven, will make many other transactions possible. Our team is ready to support market players with dedication and a great sense of responsibility to capture these opportunities."
With this transaction the overall volume of investments in the hotel sector in Italy stands at around €1.1-1.2 billion, with an expected year-end closing around last year's values (€1.4 billion).