The building that used to
host the Italian State mint in Rome's Piazza Verdi will be
turned into a luxury hotel by Rosewood Hotels and Resorts
International Limited, which is controlled by New World China
Land Ltd.
The move was announced in statement by Italian State
investment bank Cassa Depositi e Prestiti (CDP).
The letter of intent between the CDP-controlled
Residenziale Immobiliare 2004 S.p.A and Rosewood, among others,
was signed last Friday, the statement said.
The project envisages building an extra-luxury hotel with
around 200 rooms, a convention centre, restaurants, swimming
pool, spa, as well as about 50 private residences managed by the
hotel operator.
The restructuring of the building is scheduled to start
when the definitive binding contracts are signed in a few
months' time, the statement said.
Rosewood Hotel Group, one of the world's fastest-growing
hotel companies, encompasses 55 hotels in 18 countries across
multiple brands, according to its website.
With established locations in North America, Europe, Asia,
the Middle East and the Caribbean/Atlantic, Rosewood Hotel Group
is pursuing "an aggressive expansion strategy with nearly 40 new
hotels currently under development," it says.
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