Key Takeaways
- • Invel Real Estate closed €111.2 million in financing (approximately $116.7 million USD) to support the complete redevelopment of Rome's historic Hotel Majestic into Baccarat Hotel Rome, with completion targeted for late 2026.
- • The redeveloped property will feature 87 ultra-luxury rooms and suites, a terraced restaurant overlooking Via Veneto, a Grand Salon, and a rooftop bar with panoramic city views, establishing Baccarat Hotels & Resorts' first location in Rome on one of Italy's most prestigious addresses.
- • Baccarat Hotels & Resorts, operated by SH Hotels & Resorts (transitioning to Starwood Hotels), brings a globally recognized luxury brand known for timeless elegance and exclusivity to Rome's high-end hospitality market, following successful operations in New York.
- • Invel Real Estate operates approximately 2,000 hotel keys across the Mediterranean through its vertically integrated platform specializing in upscale hospitality, demonstrating established operational capability in Southern European luxury markets.
- • The transaction validates continued institutional capital deployment in Southern European premium hospitality assets, with the landmark property originally established in 1889 undergoing comprehensive modern refurbishment while preserving historic character.
Summary
Invel Real Estate has provided €111.2 million in financing to support the transformation of Rome's iconic Hotel Majestic into Baccarat Hotel Rome, marking a significant capital commitment to the ultra-luxury hospitality sector in Italy. The financing closed in late February 2025, with the redeveloped property targeted for completion in late 2026. The landmark property, originally opened in 1889, is situated on Via Veneto, one of Rome's most prestigious addresses, and will introduce the Baccarat Hotels & Resorts brand to Italy's capital city for the first time.
Upon completion, Baccarat Hotel Rome will comprise 87 exquisitely designed rooms and suites, along with comprehensive amenities including a terraced restaurant with views of Via Veneto, a Grand Salon preserving classical architectural elements, and a rooftop bar and lounge offering panoramic views of Rome. The comprehensive refurbishment is being executed in partnership with globally recognized interior design expertise, balancing historic preservation with contemporary hospitality standards.
Baccarat Hotels & Resorts, operated by SH Hotels & Resorts (with transition to Starwood Hotels management underway), positions this Rome property as the brand's second major location following successful operations in New York. The brand is synonymous with timeless elegance, craftsmanship, and exclusivity, targeting the upper-tier luxury segment of Rome's hospitality market. Gabriele Magotti, Chief Investment Officer of Invel Real Estate, characterized the transaction as exemplifying "Invel's ability to finance best-in-class real estate assets in Southern Europe's most sought-after locations."
Invel Real Estate has demonstrated sustained capacity in Mediterranean hospitality markets, currently managing approximately 2,000 hotel keys across the region through its vertically integrated operating platform. This transaction reinforces the firm's investment thesis in premium hospitality redevelopment projects within Southern Europe's major cultural and tourism destinations, capitalizing on continued institutional demand for luxury branded hotel assets in globally recognized cities.
Upon completion, Baccarat Hotel Rome will comprise 87 exquisitely designed rooms and suites, along with comprehensive amenities including a terraced restaurant with views of Via Veneto, a Grand Salon preserving classical architectural elements, and a rooftop bar and lounge offering panoramic views of Rome. The comprehensive refurbishment is being executed in partnership with globally recognized interior design expertise, balancing historic preservation with contemporary hospitality standards.
Baccarat Hotels & Resorts, operated by SH Hotels & Resorts (with transition to Starwood Hotels management underway), positions this Rome property as the brand's second major location following successful operations in New York. The brand is synonymous with timeless elegance, craftsmanship, and exclusivity, targeting the upper-tier luxury segment of Rome's hospitality market. Gabriele Magotti, Chief Investment Officer of Invel Real Estate, characterized the transaction as exemplifying "Invel's ability to finance best-in-class real estate assets in Southern Europe's most sought-after locations."
Invel Real Estate has demonstrated sustained capacity in Mediterranean hospitality markets, currently managing approximately 2,000 hotel keys across the region through its vertically integrated operating platform. This transaction reinforces the firm's investment thesis in premium hospitality redevelopment projects within Southern Europe's major cultural and tourism destinations, capitalizing on continued institutional demand for luxury branded hotel assets in globally recognized cities.
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