Petra AM Acquires citizenM Rome for ADIA at €70-€80 Million; Hotel Operated Under citizenM Franchise
🏨 Petra AM, on behalf of ADIA, acquired citizenM Rome for €70-80 million. The 162-room hotel is in central Rome by the River Tiber. AX Partners acquired Hotel Casa Luz in Barcelona for €40 million. The 65-room hotel is near Plaza Catalunya. Extendam and Redcliffe Capital acquired Radisson Blu Zaffron Resort in Santorini for €28.3 million. The resort has 103 rooms and is beachside in Kamari. Silken Hotels acquired Hotel Antequera Hills in Andalusia, Spain.
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