UK hotel group acquires hotel in iconic Rome location
Hotel owner and developer, Molo Hotel Group, has this week completed the acquisition of the Hotel Alexandra, Rome.
The Hotel Alexandra is Molo’s first acquisition in Continental Europe, following last years’ purchase of the Manchebo Beach Resort and Spa in Aruba adding to their existing strong presence in the UK.
Located on the world-famous Via Veneto, featured in Fellini’s La Dolce Vita, the Hotel Alexandra is just a short walk from many of the city’s most iconic sites including the Trevi Fountain and the Spanish Steps, making it an ideal base for travellers looking to enjoy the very best of Rome. Indeed, the neighbourhood is currently undergoing something of a renaissance thanks to the growing number of luxury hotels, restaurants and bars opening.
The expansion is part of Molo Hotel Group’s ambitious plans for 2023, which includes three properties currently under construction and scheduled to open by Spring, alongside the four hotels which are currently owned by the group.
Rome continues Molo’s trend to acquire or develop in key destinations such as Edinburgh, Liverpool, and Manchester, with further acquisitions planned in Europe and the Caribbean.
As with all Molo properties, Hotel Alexandra shall be operated by Lighthouse Hotel Management, and plans are currently underfoot to begin major refurbishments on the hotel, allowing for upscale repositioning for the property.
Ross Morrow, Managing Director of Molo Hotel Group, said: “We are delighted to finalise the acquisition of the Hotel Alexandra. A beautiful building in historic surroundings. We are excited by the plans to refurbish the property and to extend the Hotel Alexandra’s illustrious history.”
Stephen Bench, Managing Director of Lighthouse Hotel Management, said: “The Hotel Alexandra marks an important milestone for Lighthouse. Our first hotel in mainland Europe brings many opportunities and we can’t wait to create a first-class hotel experience on Via Veneto.”