Bain Capital and Omnam Group JV To Rebrand The Hotel Britannia Excelsior at Lake Como, Italy to Lake Como Edition
Main Photo: Marriott’s sister Lake Como hotel – The Sheraton
Date: September 2022
Name: Hotel Britannia Excelsior to rebrand as the Lake Como Edition – to reopen 2025
Location: Lake Como, Italy
Number of Keys: 285 to become 145 luxury rooms to include two penthouse suites
Seller: Private family company, Doros Holdings: Whieldon Ross Stacey and his wife Doriana Luchina. The hotel is a former 19th-century inn.
Buyer: A JV between Bain Capital and Omnan Group, in partnership with a fund managed by Kryalos SGR
Bain Capital Credit LP and Omnam Group announced in October 2021 the creation of a new joint venture in hospitality development whose first acquisition is that of the 285-key Hotel Britannia Excelsior, through a fund managed by Kryalos SGR. The iconic building is located on the shores of the prestigious Lake Como and will be redeveloped into the most desirable 5* luxury lifestyle hotel on the Lake through a comprehensive capex programme.
Bain Capital now owns over 35 hotels in Italy with 2,500 keys and over 115 hotels across Europe with 8,000 keys, whilst this project is Omnam’s fourth hotel project in the country….the others being in Rome, Puglia and Florence.
Marriott International, Inc. today announced it has signed an agreement with Bain Capital Credit and Omnam Group to bring it’s EDITION Hotels brand to Lake Como. The Lake Como EDITION is slated to open in 2025 with 145 luxurious guest rooms, including two penthouse suites, a lively lobby bar, a floating pool, and multiple restaurants and bars overlooking Lake Como with breathtaking views of the Bellagio mountains. The property is a 19th century building located on the western shore of the prestigious Lake Como, a short drive from Central Milan. It will be converted into a luxury lifestyle destination that brings new life to Lake Como while honoring the intimate history of the building and its rich heritage.
EDITION Hotels is the collaboration between hotel visionary and cultural icon Ian Schrager and Marriott International. The commitment to uncompromising quality, true originality and impeccable modern service continue to challenge traditional perceptions of luxury and entrench EDITION’s position as an industry leader. Every EDITION hotel is unique, reflecting the social and cultural milieu of the time and place of its creation. Each new property is individually developed in collaboration with one of the world’s most eminent designers chosen specifically for that location and introduces original food and beverage concepts from internationally renowned chefs. The end result offers the best of dining and entertainment, modern luxury services and amenities “all under one roof.”
EDITION Hotels redefine the concept of luxury by offering an unexpected collection of one-of-a-kind hotels. The Lake Como EDITION is expected to further enhance Marriott International’s footprint across Europe where it currently has a portfolio of over 719 properties with more than 137,500 rooms across 25 brands. EDITION Hotels currently operates 14 properties in locations around the globe including New York, West Hollywood, London, Reykjavik, Madrid, Tokyo, and Shanghai.
Price: Undisclosed
THPT Comment: Great purchase last year and Edition a good brand for this hotel, which promises to be stunning when it reopens in 2025
First Seen: HospitalityNet
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