Vol. I · No. 01August 2026Hospitality Investment Review
Analysis, deals and strategies to invest, enhance and relaunch hospitality assets.
A specialised vantage point to read with greater depth the real value of hotel assets, the logic of transactions, risk factors, development opportunities and relaunch strategies.
Italy is a paradox we know well. It has some of the most beautiful hotels in the world, internationally driven demand that is growing structurally, and average rates that, in the prime destinations, stand comparison with any European capital. And yet its accommodation fabric is the most fragmented on the continent: more than thirty thousand hotels, the vast majority independent or family-run, and a chain penetration that stalls at around 6–7% of rooms, against figures well above 40% in Spain, the United Kingdom and the United States.
A vantage point on value in the hospitality sector.
01
Many deals look attractive only on the surface.
02
Many assets are assessed with inadequate tools.
03
Many struggling hotels do not only have an economic problem, but one of governance, structure, model or vision.
Investimenti Alberghieri was created to address these topics with a technical, selective and decision-oriented approach. Not to chase volume, but to offer useful frames of reference for those who operate, invest, analyse or evaluate the hospitality sector professionally.
On 30 June 2026, the joint venture between Kingstone Capital AG Switzerland and the Versorgungswerk der Zahnärztekammer Berlin came to an end. Yet the press rel…
In just a few weeks, Lugano’s hospitality market has seen the sale of a landmark hotel, two residential conversions, an off-market transaction, the arrival of a…
Grand Hotel Salerno faces around €9 million in disputed local taxes, a possible suspension of operations and questions over its surface rights. An investor-focu…
In 2018, Pygmalion Capital and CBRE Global Investment Partners acquired nine distressed Spanish hotels through an NPL transaction. They held the portfolio for a…
Could Villa Peragallo become a luxury hotel? The real issue is not whether there is enough space for guestrooms, but whether the stabilized value of the complet…
Roberto Necci··4 min
Newsletter
Receive the analyses of Investimenti Alberghieri.
Each new issue, featured deals and editorial notes delivered straight to your inbox. No noise: only selected content for professionals in the hospitality sector.
From the founder
“A hotel is not just a piece of real estate but a complex asset where location, management, financial structure, reputation and the capacity to generate value over time all intertwine. Reading it properly is the first act of any serious investment.”
A firm focused on governance, advisory and hotel development. A bridge between investment analysis and the logic of management, organisation and enhancement of hospitality assets.