In 2017, the Hermes-Sojitz Fund has launched the Hermes Heritage Hotels project.
Hermes Heritage Hotels is a chain of luxury boutique hotels in the north of Italy, which at the first stage will combine 12 unique hotels with a total number of more than 540 rooms.
The chain will be created by renovating the historic Italian palazzo’s using the latest engineering and modern interior design features from the best architectural and interior bureaus in Europe. The hotel chain will be managed by one of the world top 5 hospitality operators.
For further scaling, the project is expected to enter IPO market for second stage funding. The chain expansion on the second stage will be up to 50 hotels with 2,250-2,500 total room capacity.
Project website: Hermes Heritage Hotels