Limestone Capital, a private equity firm specialised in tech-driven hospitality investments, has announced the acquisition of the eco-friendly resort located in the Italian Alps. It constitutes the firm’s third venture in the Italian market and adds to its four other existing projects in Southern Europe.
The luxury resort is situated in Champoluc and is popular for skiing, hiking, and mountaineering. It boasts 30 suites, each built over 2 floors and containing floor-to-ceil windows and a terrace. Additional amenities include two restaurants, a bar, an indoor and outdoor spa, an indoor climbing wall, outdoor ice climbing, a pool, an underground parking garage with charging stations, and a helicopter landing pad.
The distinctive property will henceforth operate under Limestone Capital’s tech lifestyle brand, Aethos. As a result, its name will change from Camp Zero Resort to Aethos Monterosa when it reopens on 1st December 2022 for the upcoming winter season. The firm also plans to expand the size and offering of resort further.
Following the acquisitions of Aethos Saragano and Aethos Milan, the firm is seeking to further grow its Italian portfolio. With this deal, Limestone Capital is continuing its strategic focus on acquiring undervalued midsize properties, which lend themselves well to repositioning into successful lifestyle hotels, restaurants, and clubs.
Discounted valuations collide now with a strong recovery in luxury hospitality. And we continue to see a lot of untapped potential in Italy’s hotel real estate market which remains highly fragmented.
Benjamin Habbel, Managing Partner & Co-Founder of Limestone Capital