Location: Cortina D’Amprezzo, Belluno, Italy
Guide Price: €22m for the hotel as is plus the extra land
No. of Keys: Currently 38…scope to add 65 more rooms – 103 in total
The Opportunity: Cortina is the undisputed queen of the Dolomites, a place par excellence for summer and winter sports. It is a World Heritage Site as deemed by UNESCO. The hotel has all the rooms and suites facing the sun, almost all with a terrace and facing the most beautiful panorama of Cortina: “Le Cinque Torri” (Five Peaks).
The hotel is surrounded by woods and in an exceptional panoramic position, next to the Cortina Golf Club, 2-3 minutes by car from the pedestrian center, reachable also with a beautiful walk overview.
This four-star hotel was built in 1987 on a plot of 8,000 square meters, across four floors; it has 5,184 square meters of covered surfaces, distributed as follows:
2,510 sqm of bedrooms and suites
1,700 sqm of public areas – Lounge, bar, hall, reception, swimming pool
980 sqm of warehouse and parking for 36 cars
The bedroom sizes range from 28 sqm to 40 sqm. with their own terraces and amazing views of The Dolomites
The Municipality of Cortina has recently established that hotels, outside the pedestrian precinct,
can enlarge about 30% to 40% of the existing building volume on neighboring land bordering the Hotel.
The hotel group owns lands bordering/surrounding the hotel. In April 2017 the
Cortina Technical Architecture Company named “Architecture & Environment” has designed and presented to the local government authority a project to expand quite quickly – First Phase a further 22 bedrooms and in addition a new Spa, Conference room and parking enlargement, plus more public lounge space, and in a Second Phase a further 43 bedrooms. GG
Main Photo: This hotel with fab views
Brand/Management: Totally free
Financials: Available once LOI/EOI is signed, including extention costs. Can be either an asset purchase or company share deal
Agent: Local agent working in partnership with The Hotel Property Team
Guide Price: €22m for the current hotel plus the additional land.
Date Posted: May 2021
THPT Comment: A great opportunity to secure this small hotel, with scope to extend to 100 rooms, in a fab part of the Italian Alps, with the prospect of the Winter Olympics in 2026, at a great price.
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This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
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MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.