Main Photo: The coastline around Porto Cervo
Date: August 2020
Location: Porto Cervo, Costa Smeralda, Sardinia, Italy
Name: Delano Porto Cervo – opening June 2023
No. Keys: 68
Buyer: sbe, the international hospitality group, headed up by Sam Nazarian, and 50% owned by Accor, today announced the expansion of the iconic Delano brand to Europe. Delano Porto Cervo in Costa Smeralda.
Sbe will take over and redevelop the existing property in partnership with private equity firm Quianto Capital and its strategic advisor and asset manager, Enma Capital. With international expansion at the core of sbe’s strategic growth plan, the company will add nearly 50 new hotels to its portfolio nationally and internationally by the year 2021.
“I am delighted to partner with Enrico and Petra Meneghetti to deliver the iconic Delano brand to one of the most beautiful and intimate resort destinations in the European market. We couldn’t have found a better partner to launch the Delano brand in Italy,” said Chadi Farhat, sbe’s Chief Operating Officer for the Middle East & Europe. “As we continue to scale our signature brands across the globe, we look forward to offering to the sbe tribe more of the creative, customised, and exclusive experiences for which sbe has made our name. At the heart of this new project is a modern, wellness-driven take on luxury and leisure, which we know our customers will enjoy upon its opening in 2023.”
“We are very excited to be partnering with sbe”, said Petra Hofer, CEO of Quianto Capital Limited. “We are looking forward to present the wealth of the place offered by Sardinia, as well as Delano’s exclusive effortlessly chic hospitality, to create a unique world-class resort in Porto Cervo.”
Enrico Meneghetti, CEO of Enma Capital & Partners Limited, said, “As strategic advisor of Quianto Capital Limited during the investment selection process and subsequently of the operators, we chose Delano as a luxury hospitality partner to revive the worldliness and the true flavor of the origins of Costa Smeralda when it was frequented by the international jet set and added the maximum value to the unique culture, history and geography of Sardinia.
Delano will play a key role in setting a new luxury hospitality standard that will meet the demand of minimal but exclusive Sardinian holidays and generate a shared and sustainable long-term growth for the surrounding region. It will be a unique place like the area in which it is located.”
Nestled into the sparkling seaside of famed Sardinian locale Costa Smeralda, the 68-room property will undergo a complete redevelopment and remodel in keeping with Delano’s signature elevated style. Steps from the romantic white sand beaches and dazzling marina of the Porto Cervo village, the destination has its roots in the rich Italian design of famed architect Luigi Vietti. The property will feature a world-class restaurant, lobby bar, pool bar, beach club, fitness studio and other hotel-related amenities developed as part of the hotel. Sbe subsidiary Dakota Development, led by President Joe Faust, will provide design and construction management services for the luxury project in development.
Delano is a classic trailblazer in the boutique hotel space, with Philippe Starck’s Delano South Beach credited with defining South Beach as a sought-after destination. Situated in beautiful Costa Smeralda, the luxury resort is poised to make a similar mark on Sardinia, embodying sbe’s signature full circle lifestyle approach. As with every sbe hotel, Delano’s recognisable design point-of-view will be visible throughout the property with sophistication and ease blending with timeless design.
Quianto Capital Limited is a private equity real estate investment company which is committed to solid sustainability practices based on concrete objectives to advance social conditions in communities, evolve the enhancement of projects, and to protect the environment and maximise the sustainable impact. The fundamental part of its business is to ensure responsible investments by developing profitable strategies that offer tangible social benefits. This social value is part of the company’s DNA and is an integral part in the research and selection of it’s investments.
Enma Capital & Partners Limited is a private equity investment company that engages in the research and selection of investment opportunities with the aim of creating long lasting impacts and long-term values to organisations, investors and communities.
THPT Comment: Interestingly we have just been briefed to sell four classic hotels, the marina and world-class golf course in this area…looks like the buyer will be in good company.
First Seen: Il Sole 24 Ore
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