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029 Group SE: Portfolio company Limestone Capital acquires luxurious hotel resort in Sardinia
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- Limestone Capital AG acquires luxurious hotel resort in Sardinia
- Acquisition aims to elevate property to 5-star standard
- Strategic growth plan focuses on European leisure market
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EQS-News: 029 Group SE / Key word(s): Miscellaneous/Miscellaneous |
Berlin, 5th March 2024. 029 Group SE (ISIN: DE000A2LQ2D0), a global hospitality and lifestyle platform, announces that its portfolio company Limestone Capital AG, a leading
alternative asset manager with a focus on hospitality and travel, has bolstered its Italian presence with the acquisition of a luxurious resort hotel in Costa Smeralda, Sardinia. The acquisition
marks a significant addition to the growing portfolio of four hotels in Italy.
This strategic acquisition reflects Limestone's commitment to value creation through the repositioning of the property as an Aethos hotel, aiming to elevate it to a modern 5-star standard and enhance operational performance to drive profitability.
The luxurious five-star resort is set to open in May 2024 under the Aethos brand offering guests a secluded oasis in the heart of the Mediterranean.
The hotel will have a total of 63 rooms and suites, and the resort's architecture seamlessly blends culture and nature, with amenities like freshwater pools and a gym. Culinary experiences from ZAÏA Sardinia will feature a fusion of Mediterranean and Middle Eastern flavors. Wellness offerings will include holistic treatments, while curated oceanic adventures allow guests to connect with nature.
The interior design will be executed by Barcelona-based Astet Studio, aiming to maintain the essence of the authentic architecture of the Costa Smeralda and complement its interiors with a refined and fresh design focused aesthetic.
Benjamin Habbel, CEO of Limestone Capital, expresses his enthusiasm for this acquisition, stating, "This acquisition represents a great milestone for Limestone Capital by expanding our presence in Italy and adding a luxurious asset in a globally renowned resort destination to our European portfolio. We are deeply committed to the growing hospitality sector in Europe and actively exploring numerous avenues for value-add acquisition and growth.”
This strategic acquisition reflects Limestone's commitment to value creation through the repositioning of the property as an Aethos hotel, aiming to elevate it to a modern 5-star standard and enhance operational performance to drive profitability.
The luxurious five-star resort is set to open in May 2024 under the Aethos brand offering guests a secluded oasis in the heart of the Mediterranean.
The hotel will have a total of 63 rooms and suites, and the resort's architecture seamlessly blends culture and nature, with amenities like freshwater pools and a gym. Culinary experiences from ZAÏA Sardinia will feature a fusion of Mediterranean and Middle Eastern flavors. Wellness offerings will include holistic treatments, while curated oceanic adventures allow guests to connect with nature.
The interior design will be executed by Barcelona-based Astet Studio, aiming to maintain the essence of the authentic architecture of the Costa Smeralda and complement its interiors with a refined and fresh design focused aesthetic.
Benjamin Habbel, CEO of Limestone Capital, expresses his enthusiasm for this acquisition, stating, "This acquisition represents a great milestone for Limestone Capital by expanding our presence in Italy and adding a luxurious asset in a globally renowned resort destination to our European portfolio. We are deeply committed to the growing hospitality sector in Europe and actively exploring numerous avenues for value-add acquisition and growth.”
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