Limestone Capital AG has purchased the 64-room Villa del Golfo five-star resort hotel on Sardinia’s Costa Smeralda.
The leading alternative investment manager with a focus on hospitality and travel, aims to
reposition the property as an Aethos hotel, elevate it to a modern 5-star standard and also enhance operational performance to drive profitability. Limestone Capital AG has four other hotels in Italy.
The luxurious five-star hotel resort is set to open in May 2024 under the Aethos brand offering guests a secluded oasis in the heart of the Mediterranean.
The hotel will have 64 rooms and suites, with amenities including freshwater pools, a gym and also the ZAÏA Sardinia restaurant.
Benjamin Habbel, CEO of Limestone Capital, says, “This acquisition represents a great milestone for Limestone Capital by expanding our presence in Italy and adding a luxurious asset in a globally renowned resort destination to our European portfolio. We are deeply committed to the growing hospitality sector in Europe and actively exploring numerous avenues for value-add acquisition and growth.”
The interior design will be executed by Barcelona-based Astet Studio, aiming to maintain the essence of the authentic architecture of the Costa Smeralda and complement its interiors with a refined and also a fresh design-focused aesthetic.
Limestone Capital Co-founder, Jeff Coe adds, “This transaction reconfirms Limestone Capital’s conviction in the long-term prospects for the European leisure market and our belief that there is also significant pent-up demand for leisure travel. As we progress with our strategic growth plan, bolstered by existing assets across France, Spain, Italy, and Portugal, renowned for their top-tier hospitality, acquiring this hotel underscores our dedication to the European hotel sector”.
