Italian asset management firm Castello, an experienced investor in the hospitality sector, has secured €135 mln in financing for the relaunch of the Grand Hotel Via Veneto in Rome as the first Nobu Hotel in Italy.
The financing was obtained via the newly established credit fund Fondo Lithium, sponsored by funds managed by Oaktree Capital Management. Rothschild & Co was advisor to Grand Hotel via Veneto.
The hotel opening is scheduled for spring 2025, and will see the historic structure totally renovated with 122 rooms and suites, designed by a major New York design studio, and numerous facilities, including the first Nobu restaurant in the country, a rooftop lounge bar, meeting spaces, spa and lounge.
The project is being overseen by Trevor Horwell, CEO of Nobu Hospitality Group and Carlo Acampora, chairman & CEO of Grand Hotel Via Veneto. Nobu currently has 77 restaurants, 41 hotels and 12 residences around the world.
The Nobu Hotel Roma is located in the historic Via Veneto district, where numerous luxury hotels are already present and new openings of luxury brands are planned.
'We are pleased to contribute to the opening of the first Nobu Hotel in Italy in Rome. This deal further demonstrates the attractiveness and growth space of the high-end hospitality market in the capital, which has been at the center of many of the most significant transactions on a national scale in the last two years,' said Giampiero Schiavo, CEO of Castello.
