Zug, March 5th, 2024 - Limestone Capital AG, a leading alternative investment manager with a focus on hospitality and travel, is delighted to announce the acquisition of a luxurious resort hotel on Sardinia’s emerald coast, marking a significant addition to its 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. (aethos.com/sardinia)
The hotel will have a total of 64 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.
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."
The interior design will be executed by Barcelona-based Astet Studio, aiming to maintain the essence of the authentic architecture of Sardinia and complement its interiors with a refined and fresh design focused aesthetic.
Limestone Capital Co-founder, Jeff Coe adds, "This transaction reconfirms Limestone Capital’s conviction in the long term prospects for the European leisure market and our belief that there is also significant pent-up demand for leisure travel. As we progress with our strategic growth plan, bolstered by existing assets across France, Spain, Italy, and Portugal, renowned for their top-tier hospitality, acquiring this hotel underscores our dedication to the European hotel sector”.
Limestone Capital's strategic growth aligns seamlessly with its mission to provide unparalleled hospitality experiences to discerning travelers who seek excellence. The acquisition of the Sardinia hotel marks a significant milestone in bringing this vision to fruition.