LONDON, UK, November 4, 2022 /CNW/ – Canada Pension Plan Investment Board (“CPP Investments”) and Hamilton – Pyramid Europe has completed its first asset acquisition through its joint venture (“JV”). W Rome, Italy.
as one of European The top three tourist destinations for their historical and architectural monuments, Rome plans to make good use of the growing tourism trend Europe. Assets, that is Italian the original W Hotel, which once again features 162 luxury hotel rooms April 2022 after a complete redesign.
Hamilton Pyramid Logo (CNW Group/Canada Pension Plan Investment Board)
“Rome It has historically been a global leader in both leisure and business travel, and we believe it will continue to do so for decades to come.” Andrea Orlandi, CEO and Head of European Real Estate at CPP Investments. “Purchase B Rome position of the joint venture with Hamilton – Pyramid Europe is well positioned to leverage its further strength Rome tourist destination.”
Established earlier this year, the partnership focuses on select hotels and resorts operating in key European gateway cities. The JV will target assets that offer unique and premium experiences that appeal to both leisure and business travelers. in August 2022CPP Investments Announces €475 Million Commitment (637 million Canadian dollars) in a joint venture; is B Rome is acquiring a portion of this pledged asset for a purchase price of approximately €172 million.
“We are pleased to complete the acquisition B Rome in a joint venture with CPP Investments Toby WeissingerPartner Hamilton – European pyramid. “We have strong confidence in the long-term potential of the property Roman Leading luxury lifestyle hotels, given their excellent central location, exceptional hotel quality and market-leading brands.”
The B Rome located in the central Ludovisi district Rome. These include: rooftop bars, restaurants and lounges; several food and beverage outlets; sport Hall; and meeting spaces. The W brand is recognized as one of the world’s leading luxury lifestyle and hospitality brands.
About the Canada Pension Plan Investment Board
The Canada Pension Plan Investment Board (CPP Investments) is a professional investment management organization that manages the fund in the interests of more than 21 million Canada Pension Plan contributors and beneficiaries. It invests in public equity, private equity, real estate, infrastructure and fixed income around the world to build a diversified asset portfolio. Headquartered in Torontowith indoor offices Hong Kong, London, Luxembourg, Mumbai, New York City, San FranciscoSao Paulo and Sydney, CPP Investments is managed and managed independently of the Canada Pension Plan and independent of governments. At June 30, 2022Fund total 523 billion Canadian dollars. Find out more here www.cppinvestments.com or follow us LinkedIn, Facebook or Twitter.
About Hamilton – European pyramid
Hamilton – Pyramid Europe is a leading full-service hotel management and co-investment platform focused on providing hoteliers with an unparalleled experience. Europe. Headquartered in Londonwith satellite offices Europe, Hamilton has a growing portfolio of managed and asset-managed hotel properties across the region.
Their comprehensive hospitality solutions are backed by a unique European team of industry experts in hotel management, asset management, project management and development, procurement and consultancy. As part of Pyramid Global Hospitality, Hamilton has a global reach and unparalleled industry and market knowledge. For more information, visit www.hamiltonpyramid.com and www.pyramidglobal.com.
SOURCE Canada Pension Plan Investment Board
For more information: CPP Investments, Steve McCall, CEO, CPP Investments, Tel: +44 20 3947 3002, Email: [email protected]; Hamilton – Pyramid Europe, Toby Weissinger, Partner, Tel: +44 203 696 1939, Email: [email protected]
