Information on the target
ICH Europe Ltd, an investment vehicle based in Cyprus, has acquired 100% of Amedia Hotel Italy S.r.l., the operator of the Amedia Hotel Milan, from HRG Hospitality B.V. & Co. KG, a German entity undergoing self-administration. The transaction was finalized on October 13, 2026, as part of the insolvency proceedings of the seller, with the approval of the commissioner and the creditors' committee. This acquisition was executed under typical distressed asset sale conditions, without guarantees from the seller.
Amedia Hotel Milan is a four-star establishment featuring 148 rooms, located on Via Bisceglie in the Lorenteggio district of Milan. The hotel is affiliated with the Trademark Collection by Wyndham and offers amenities including a restaurant, bar, terrace, private parking, and business spaces. In the last fiscal year, the hotel management reported revenues of approximately €5.4 million, with an EBITDA of around €0.6 million.
Industry overview in the target’s specific country
The Hotels & Motels industry in Italy has shown resilience and adaptability, particularly in urban centers like Milan, which is a hub for both business and leisure travel. The sector has been bolstered by a steady influx of international tourists, alongside a robust domestic market driven by business events and conventions. The proximity of Milan to major trade fairs and exhibitions has further solidified its position as a prime destination for travelers.
In recent years, the Italian hospitality market has experienced a shift towards premium and boutique accommodations, with travelers increasingly seeking unique and personalized experiences. This trend has led to a rise in demand for hotels that offer distinctive services and amenities, catering to the evolving preferences of modern consumers. The Amedia Hotel Milan, with its affiliation to the Wyndham Trademark Collection, aligns well with this trend, providing a blend of quality and brand recognition.
Moreover, the recovery from the pandemic has seen a resurgence in both leisure and business travel, with significant events scheduled in Milan, including fashion weeks and international conferences. This has created a favorable environment for hotel operators, as occupancy rates and average daily rates have begun to rebound. The outlook for the Hotels & Motels industry in Italy remains positive, driven by ongoing investments in infrastructure and tourism promotion.
The rationale behind the deal The acquisition of Amedia Hotel Milan presents a strategic opportunity for ICH Europe to capitalize on a well-established asset in a thriving market. With the hotel’s solid operational history and favorable location, the investment is po…