LAKE COMO, Italy, September 21, 2022 /PRNewswire/ — Marriott International, Inc. announced today that it has signed an agreement with Bain Capital Credit and Omnam Group to bring its EDITION Hotels brand to Lake Como. Owned by Bain Capital and Omnam Group, The Lake Como EDITION is being developed through a fund managed by Kryalos SGR and is scheduled to open in 2025 with 145 luxurious guest rooms including two penthouse suites, a lively lobby bar, a floating pool and several restaurants. to be opened and bars overlooking Lake Como with breathtaking views of the Bellagio mountains. The object is a 19thth Century building on the west shore of prestigious Lake Como, just a short drive away Center of Milan. It will be transformed into a luxury lifestyle destination, breathing new life into Lake Como while honoring the building’s intimate history and rich heritage.
“We are delighted to be working with Bain Capital Credit and Omnam Group to bring the EDITION Hotels brand to one of them of Italy most beautiful travel destinations”, said Josh Fluhr, Senior Vice President & Managing Director, EDITION Hotels, Marriott International. “Today’s signing demonstrates continued guest demand for luxury accommodations and experiences.”
“We are excited to launch The Lake Como EDITION with Omnam and Marriott International,” he said Fabio Longo, Managing Director, Bain Capital Credit. “We seek to invest in under-penetrated real estate markets and the EDITION brand fills a gap in key leisure markets for differentiated luxury lifestyle hotels and enriches our real estate portfolio Europe.”
“We look forward to bringing the Omnam flavor to this unique place and celebrating the natural beauty of Lake Como,” he said David Zisser, Managing Director, Omnam. “This is Omnam’s fourth development in Italy and as always, our team strives to create new experiences while staying true to the distinctive heritage of our local area. Our goal is to create sophisticated luxury that invites everyone to experience and enjoy. Together with Bain Capital Credit, we are excited to once again work with Marriott International and bring this vision to life.”
“There is an incredible opportunity for hotel investment in Italynot only in big tourist destinations like Rome and Milanbut in specific locations that have a strong appeal to guests looking for quality services and unique experiences,” he said Paulo Bottelli, CEO of Kryalos SGR. “We at Kryalos are proud to support the entry of this top brand into Lake Como.”
Committed to uncompromising quality, true originality and impeccable modern service, EDITION Hotels continue to challenge traditional perceptions of luxury and solidify EDITION’s position as an industry leader. Each EDITION Hotel is unique, reflecting the social and cultural milieu of the time and place of its creation. Each new property is individually developed in collaboration with one of the world’s premier designers, specifically chosen for that location, and showcases original food and drink concepts by internationally renowned chefs. The end result offers the best of dining and entertainment, modern luxury services and amenities “all under one roof”.
EDITION Hotels redefine the concept of luxury by offering an unexpected collection of unique hotels. The Lake Como EDITION is intended to further strengthen the presence of Marriott International Europe where it currently has a portfolio of over 719 properties with more than 137,500 rooms across 25 brands. EDITION Hotels currently operates 15 hotels in locations around the world, including new Yorkwest hollywood, London, Reykjavik, Madrid, Tokyoand shanghai.
About Marriott International, Inc.
Marriott International, Inc. (NASDAQ: MAR) is located in Bethesda, Maryland, USA, and comprises a portfolio of more than 8,000 properties under 30 leading brands in 139 countries and territories. Marriott operates and franchises hotels and licenses vacation resorts around the world. The company offers Marriott Bonvoy®, its award-winning travel program. For more information, please visit our website at www.marriott.com and for the latest company news, visit www.marriottnewscenter.com. Also, connect with us on Facebook and @MarriottIntl Twitter and Instagram.
About EDITION hotels
EDITION Hotels is an unexpected and refreshing collection of bespoke, bespoke, one-of-a-kind hotels that redefine the codes of traditional luxury. Each EDITION hotel showcases the best of gastronomy, entertainment, services and amenities “all under one roof” and is absolutely unique as it reflects the best of the cultural and social milieu of its location and time.
Each hotel reflects the current spirit and zeitgeist of its location with its individuality, authenticity, originality and unique ethos. Although all hotels look completely different, the brand’s unifying aesthetic lies more in their approach and attitude to modern lifestyle than in their physical appearance. EDITION is more about attitude and how it makes you feel than what it looks like. Sophisticated public spaces, finishes, designs and details are for the experience, not the drive. For an underserved market of affluent, culturally savvy and service-minded guests, EDITION Experience and Lifestyle explores the unprecedented intersection and perfect balance of tasteful design and innovation and consistent, excellent service on a global scale.
EDITION currently operates 15 hotels worldwide: new York and Times Square New York, London, Miami Beach, Tampa, Flawest hollywood, Barcelonabodrum, shanghaisanya, China, Abu Dhabi, DubaiTokyo Toranomon, Reykjavikand Madrid. Connect with us on Facebook and Instagram. Visit www.editionhotels.com.
About Bain Capital Credit
Bain Capital Credit is a leading global credit specialist with approx $48 billion in assets under management. Bain Capital invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high yield debt, distressed debt, personal loans, structured products, distressed loans and equities. Our team of more than 240 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests in multiple asset classes including private equity, public equity and venture capital, leveraging the firm’s shared platform to capture opportunities in strategic focus areas. Visit www.baincapitalcredit.com.
About the Omnam Group
Omnam (www.omnamgroup.com) is a diversified global real estate investor and developer with a succinct vision to source and develop iconic real estate assets. Omnam’s core competency is in medium to large sized hotels, aparthotels, condominiums and mixed use condominiums Europe; The portfolio includes projects in The Netherlands, Belgium, Franceand Italy. Connect with us on Instagram and visit www.omnamgroup.com.
About Kryalos SGR
Kryalos SGR, active since 2005, is one of the main players in the Italian real estate market. With €11.2 billion in assets under management and a team of 105 professionals with extensive experience in real estate (office, logistics, retail, hotel, residential and healthcare), Kryalos SGR provides fund management, transaction management, development, advisory and credit management services and is a partner of Italian and international executives. Visit www.kryalossgr.com.
SOURCE Marriott International, Inc.