Riello Investimenti SGR has invested 4 million euros in SOGES GROUP Spa to support its acquisition of Hotel Bretagna Srl, aiming to strengthen its competitive position in the Italian hospitality market.

Information on the Target

SOGES GROUP Spa is a prominent player in the Italian hospitality sector, actively engaged in the management of high-profile hotels across the country. The company is strategically focused on enhancing its portfolio and expanding its market presence, particularly in key tourist destinations such as Florence. The recent acquisition of Hotel Bretagna Srl represents a significant milestone in SOGES GROUP's growth strategy, positioning them for increased competitiveness.

Industry Overview in Italy

The hospitality industry in Italy is one of the most vital sectors of the economy, contributing substantially to the nation's GDP. With its rich cultural heritage and historical landmarks, the country attracts millions of tourists annually, making it a lucrative market for hospitality services. Florence, in particular, is a focal point for both domestic and international visitors, offering a unique blend of art, culture, and gastronomy.

The industry has witnessed a steady recovery following the challenges posed by the COVID-19 pandemic, with increasing tourist numbers and improved occupancy rates in hotels. The government initiatives aimed at promoting tourism and invest