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Announced

Completed

Fort Partners Puerto Rico completed the acquisition of Palazzo Marini for €165m.

Financials

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Transaction Value£141m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Real Estate Holding and Development

Italy

Completed

Acquisition

Single Bidder

Friendly

Real Estate

luxury hotel

Hotels and Motels

Cross Border

Majority

Private

Synopsis

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Fort Partners Puerto Rico, a real estate ownership, development and management company, completed the acquisition of Palazzo Marini, a luxury hotel, for €165m. The hotel that will be managed by Four Seasons Hotels and Resorts. "A project in Rome has been a dream of mine for many years. We have a clear vision and can already see this magnificent place come to life. As with our other properties, Fort Partners' commitment to delivering top quality, excellence and elegance will be ever present in the execution of this project in the heart of Rome," Nadim Ashi, Fort Partners Founder and CEO.

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