Amsterdam-based Lithuanian asset manager Apex Alliance and Romania’s Pavăl Holding acquired Garda Lake – based Grand Hotel Gardone from the Mizzaro Papini Family (see here a previous post by BeBeez). The buyer will invest 45 million euros for refurbishing the asset between 2024 and 2026. Ernst & Young and KPMG Italia & Romania acted as advisors. Apex Alliance previously acquired Venice-based Hampton by Hilton
Sources said to BeBeez that Solution Bank (fka Credito di Romagna), a subsidiary of Hong Kong – based SC Lowy (a firm that that Michel Lowy and Cheon Lee created), provided Italian amusement and leisure park Leolandia with a 2,25 million euros loan with the warranty of MCC (see here a previous post by BeBeez). The company will invest tush proceeds in its working capital, cash and further development of the park. Greenberg Traurig Santa Maria assisted Solution Bank while Leolandia appointed Dike Strategy.
Invimit launched the Opa Project for acquiring unused buildings from Italian Municipalities and create Students houses (see here a previous post by BeBeez). Invimit is a firm of the Italian Ministry of Economy and Finance and created Fondo immobiliare (FIA) for developing Students Halls with the resources of the National Recovery and Resilience Plan (PNRR). Giovanna Della Posta, the ceo of Invimit, said that the firm will table a binding offer only after the due diligence.
Israeli’s White City Group, Isrotel and Phoenix Insurance Group acquired a Rome-based 5000 sqms assets and retained Gianni & Origoni and Studio Signori as advisors (see here a previous post by BeBeez). Rezza acted as broker. Phoenix Insurance Group is listed on Tel Aviv exchange.
