June 15, 2012
Magellan Hospitality Management
-- Rome, June 2012 - A new successful adventure for Magellan Hospitality Management, the Hospitality Advisory and Management company funded in 2009 by Moreno Occhiolini, former Managing Director of Rocco Forte Hotels.
As a matter of fact it is very recent the co-operation with the two Investment Funds Wise and J. Hirsch aimed to the acquisition of the italian Tour Operator Alpitour from the listed company Exor (the acquisition was successfully completed for an amount of over € 200 millions).
It is not common knowledge the fact that Alpitour is not only an important Tour Operator, but it manages also 6 international Resorts ( Capo Verde , Maldive and Zanzibar ), 6 Beach Resorts in Italy (Sardinia , Sicily , Calabria and Puglia) and 3 city Hotels (two in Rome and one in Bari).
Magellan Hospitality has been approached specifically for the evaluation of each hotel as well as the results from existing management. A complete and analytic due diligence was performed.
“A long lasting and detailed exercise which gave Magellan the opportunity to support a unique financial operation in Italy and which took both parts to a successful conclusion” said Occhiolini , adding “ It was a most interesting experience, carried on next to highly professional partners. This operation added further value to our existing know how and gave us the chance to start very serious dialogues with many other international Funds more and more keen to invest in the italian and european hospitality World “ .