Limestone Capital AG acquired a luxurious resort hotel on Sardinia’s Costa Smeralda, marking an addition to its growing portfolio of four hotels in Italy. With this strategic acquisition, Limestone aims to elevate the property to a modern 5-star standard and enhance operational performance to drive profitability.
The luxurious five-star resort is set to open in May 2024 under the Aethos brand. The hotel will have a total of 63 rooms and suites, amenities like freshwater pools and a gym. Culinary experiences from ZAÏA Sardinia. The interior design will be executed by Barcelona-based Astet Studio.
Benjamin Habbel, CEO of Limestone Capital, said: "This acquisition represents a great milestone for Limestone Capital by expanding our presence in Italy and adding a luxurious asset in a globally renowned resort destination to our European portfolio. We are deeply committed to the growing hospitality sector in Europe and actively exploring numerous avenues for value-add acquisition and growth."
Limestone Capital Co-founder, Jeff Coe said: "This transaction reconfirms Limestone Capital’s conviction in the long-term prospects for the European leisure market and our belief that there is also significant pent-up demand for leisure travel. As we progress with our strategic growth plan, bolstered by existing assets across France, Spain, Italy, and Portugal, renowned for their top-tier hospitality, acquiring this hotel underscores our dedication to the European hotel sector."
Image provided by Limestone Capital.
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