Hospitality-focused real estate investment firm Global Hospitality Investment Group (GHIG) has concluded the issuance of €96m ($109.26m) in senior secured notes for the refinancing of The Rome EDITION, a recently opened luxury hotel in the heart of Rome, Italy.
Structured with a London-based credit-focused hedge fund, this deal provides long-term financial stability for the property, which launched in summer 2023.
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The financing enables Gruppo Statuto, the owner of The Rome EDITION, to refinance its current development loan.
This strategic move is set to optimise the hotel’s operations and increase its value on the market.
GHIG vice president Sebastien Gottraux said: “This transaction marks GHIG’s first deal in Italy after many years of exploring the market for the right opportunity.
“We are delighted to be involved with a landmark asset like The Rome EDITION and are eager to remain active in the Italian market, pursuing both acquisition and financing opportunities.”
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By GlobalDataDesigned by hotelier Ian Schrager, The Rome EDITION offers 93 guest rooms and suites, which include 19 expansive suites.
The property features a range of amenities, encompassing an Italian restaurant Anima, offering both indoor and outdoor dining; a speakeasy-style bar Punch Room, marble-made Jade Bar, a rooftop bar The Roof, complete with a swimming pool.
Guests at the hotel have access to a 24-hour gym with treatment rooms.
Its location places guests within walking distance of Roman attractions including Piazza Barberini, Via Veneto, the Spanish Steps, the Trevi Fountain, and the Borghese Gardens.
Three Stars Capital Partners, under the leadership of Mauro Savoia, advised Gruppo Statuto on the transaction.
GHIG Europe managing director and head James Gibbs said: “We are pleased to support Gruppo Statuto with the refinancing of The Rome EDITION. This flexible financing solution is designed to ensure the continued success of such a trophy property in one of Europe’s leading leisure markets.
“Our team leveraged its operational expertise and deep understanding of the local market to thoroughly assess the hotel’s robust business plan, enabling us to provide a highly compelling and tailored structure for the borrower.”
