The Grand Hotel Savoia & Savoia Palace, located in the ski resort of Cortina d'Ampezzo in Italy, will be operated under the brands Radisson Collection and Radisson after renovations, for a reopening in 2021.
Located in downtown Cortina d'Ampezzo, the complex includes a hotel and apartments, for a total of 170 keys. Bain Capital Credit and Aquileia Capital Services were advised by CBRE, a hotel investment consulting company, in the choice of brand to support the resort’s repositioning.
Elie Younes, Executive Vice President and Director of Development for the Radisson Hotel Group, said: “We are excited to enter Italy’s most renowned ski destination in preparation to co-host the Olympic Winter Games of 2026 together with Milan. Despite the global adversities, Italy remains a key focus market to harness and explore. We are extremely grateful to Bain Capital for the trust they have placed in Radisson Hotel Group, in our dedicated team and relevant brands."
Giordano Nicoletti, director of CBRE Hotels EMEA, added: “Cortina d’Ampezzo has historically been one of the most renowned mountain destinations in Italy and its popularity among international customers has been recently boosted by its appointment as the host city of the Winter Olympic Games in 2026, alongside Milan. This international exposure, combined with the unique features of the Resort in terms of location, size and range of the facilities available, have generated a significant interest from major hotel brands."