Vol. I · No. 01April 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.
The RAI real estate portfolio raises a strategic question for investors, developers and hospitality operators: which assets can be converted into hotels, aparthotels, serviced apartments or mixed-use platforms? The disposal of the RAI real estate portfolio is not just another property sale.
It is a market test. A test of whether Italian real estate capital can still distinguish between space to be acquired and value to be created.
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.
Iccrea’s potential sale of an NPL portfolio worth up to €500 million is not just a banking story. It is directly relevant to the hotel industry.
Because it touc…
Hotel management agreements and franchising: the technical guide to understanding where hotel value is created or lost. In the professional hotel investment mar…
In today’s hospitality investment landscape, competitive advantage is no longer defined solely by owning a property, having capital available, or possessing ope…
Not all hotel acquisitions are equal. Some add scale. Some bring a dormant building back into play. Only a handful put a property back on the map that combines …
In hospitality, capital is usually destroyed in one of two ways: by paying too much, or by understanding too little. The second mistake is more common, and usua…
A hotel is not worth only what its real estate is worth. It is worth what the right people can turn it into. In hospitality, investment decisions are often domi…
roberto necci··4 min
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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.