What's Happening?
London-based private investment management firm RoundShield has acquired the Corinthia Lake Como development from the Roncoroni family. The site, located at the Menaggio and Cadenabbia Golf Club on Lake Como, Italy, will be developed into a five-star, 58-room hotel by Italian real estate investment manager Kervis SGR S.p.A. The project will include three branded residences, a golf club, a spa, and a lakefront club with direct access to the water. Subject to final planning approvals, the opening is targeted for late 2028, with Corinthia Hotels Group set to manage the hotel.
Why It's Important?
This acquisition highlights the ongoing trend of luxury hotel developments in prime European locations, which is expected to boost tourism and hospitality in the region. The
development of high-end accommodations like the Corinthia Lake Como is likely to attract affluent travelers, thereby enhancing the local economy. Additionally, the involvement of prominent investment and management firms underscores the confidence in the region's potential for luxury tourism growth.
What's Next?
Pending final planning approvals, the Corinthia Lake Como is expected to open in late 2028. The development will likely lead to increased employment opportunities in the region and may stimulate further investments in local infrastructure and services to support the anticipated influx of tourists.
