Vienna, 16 August 2023 – Wolf Theiss has once again advised the investor group JP Hospitality Investors Club on the successful conclusion of a hotel lease agreement. This latest collaboration involved a Hotel in Madonna di Campiglio, Italy. The new operator, Treasurests Hospitality, will continue to run it under the lifestyle leisure brand “Casa Cook”.
JP Hospitality acquired the hotel in Madonna di Campiglio – previously operated as Hotel Milano – last year. The hotel is located in the middle of northern Italy’s top ski region in the Brenta Dolomites and is only about a minute’s walk from the base station of the famous World Cup racecourse. During the summer, it offers guests an ideal starting point for hikes in the picturesque mountains and surrounding lakes.
Until now, the hotel comprised 44 rooms with a gross floor area of approximately 2,900m2. With the takeover by the new tenant Treasurest Hospitality, which will manage the hotel under the leisure brand “Casa Cook”, the hotel is to be converted into a upscale alpine lifestyle hotel based on the 3R concept (refurbishment, rebranding, redesign) and expanded by 6 suites. A rooftop bar with a view of the World Cup ski slopes is also planned.
“Casa Cook as operator is an ideal complement to our existing hotel activities and we are pleased to be the first investor to also bring Casa Cook to the mountains. There will be a lifestyle offering here that will cater to all holiday requirements of the highest quality. Many thanks to Wolf Theiss for once again providing excellent support and advice. We are already looking forward to the next joint project”.
Gebhard Schachermayer, CAM and hotel expert at JPI Hospitality
Wolf Theiss advised JP Hospitality Investors Club on the drafting, negotiation and subsequent conclusion of the hotel lease agreement with real estate expert Counsel Stefan Horn as the lead lawyer and Associate Hewi Luczynski supporting him.
“We are very pleased to have advised JP Hospitality Investors Club on this promising hotel project as well. It is a special pleasure for us to have drafted the first hotel lease for the Casa Cook Hotel in Italy. We are grateful for the very good cooperation with JPI Hospitality Advisory and proud that we can also contribute our hotel expertise to projects outside of Austria”, comments Counsel Stefan Horn on the mandate.
Stefan Horn, Wolf Theiss Counsel, Real Estate
The handover and debut of the venue as a “Casa Cook” hotel is planned for the end of 2024.