Limestone Capital has acquired a five-star resort hotel on Sardinia’s Costa Smeralda.
Set to open in May under the Aethos brand, the hotel will comprise 63 rooms and suites, freshwater pools, a gym and a ZAÏA Sardinia restaurant offering. The hotel will also offer holistic treatments and curated oceanic adventures.
Speaking exclusively with Hospitality Investor in January, Habbel had shared plans in relation to this purchase as well as its investment into “a barefoot luxury resort brand focused on islands and remote locations”. At the time, Habbel said Limestone is exploring markets such as Greece, Spain as well as those in the German-Speaking Area.
What they said
Benjamin Habbel, CEO of Limestone Capital said: "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."
Jeff Coe, co-founder of Limestone Capital added: “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”.