Hotel P10 Porto Cervo
Hotel P10 Porto Cervo
The 32.9 millions allocated for the construction, development and refurbishment works will result in an added value of 46 M.
The overall investment period will last 7 years, with an exit value of 91 M and an investment multiple of 1,7. The opening is expected in 2023, 3 years after the acquisition.
The geographic position combined with a contemporary interpretation of the Sardinian traditional architecture is one of a kind. The resort will be a key destination for hosts that will look for an intimate but superior experience.
The property will feature a world-class restaurant, lobby bar, pool bar, beach club, fitness studio and other hotel-related amenities developed as part of the hotel.
DELANO Porto Cervo in Costa Smeralda, Sardinia, Italy, due to open by June 2023, represents the next phase of international growth for SBE and the DELANO brand in one of the most idyllic and sought-after travel destinations in the world. Celebrating its 25th year of offering trendy boutique hospitality to its customers, DELANO will continue its legacy of unparalleled luxury, relaxation and beauty in its new Sardinian location, which has long been a destination for the world's most discerning travelers.
SBE will acquire and redevelop the existing property in partnership with the private equity firm Quianto Capital and its strategic advisor and asset manager, ENMA Capital. With international expansion at the heart of SBE's strategic growth plan, the company will add nearly 50 new hotels to its portfolio nationally and internationally by 2021.
Immersed in the sparkling sea of the famous Sardinian resort Costa Smeralda, the 68-room property will undergo a complete redevelopment and refurbishment in line with DELANO's signature style.
A few steps from the romantic white sand beaches and dazzling marina of the Porto Cervo village, the destination has its roots in the rich Italian design of the famous architect Luigi Vietti. The property will house a first-class restaurant, lobby bar, pool bar, beach club, fitness room and other hotel-related amenities developed as part of the hotel.
Dakota Development, the subsidiary of SBE, led by president Joe Faust, will provide design and construction management services for the luxury project under development.
DELANO is a classic pioneer in the boutique hotel space, with Philippe Starck's DELANO South Beach credited with calling South Beach a coveted destination.
Located on the beautiful Costa Smeralda, the luxury resort is poised to leave a similar mark in Sardinia, embodying SBE's all-round lifestyle approach. As with any SBE hotel, DELANO's recognizable design point of view will be visible throughout the property with sophistication and ease that blend with timeless design.