LAKE COMO, Italy, September 21, 2022 /PRNewswire/ — Marriott International, Inc. today announced that it has signed an agreement with Bain Capital Credit and Omnam Group to bring its EDITION Hotels brand to Lake Como. Owned and developed by Bain Capital and Omnam Group through a fund managed by Kryalos SGR, The Lake Como EDITION is set to open in 2025 with 145 luxurious rooms, including two penthouse suites, a lively lobby bar, a floating pool and several restaurants and bars overlooking Lake Como with stunning views of the Bellagio mountains. The property is a 19e century building located on the western shore of the prestigious Lake Como, a few minutes drive from Center of Milan. It will be converted into a luxury lifestyle destination that brings Lake Como back to life while honoring the building’s intimate history and rich heritage.
“We are delighted to be working with Bain Capital Credit and Omnam Group to introduce the EDITION Hotels brand to one of italy most beautiful destinations,” said Josh Fluhr, Senior Vice President and General Manager, EDITION Hotels, Marriott International. “Today’s signing demonstrates continued guest demand for luxury accommodations and experiences.”
“We are thrilled to launch The Lake Como EDITION with Omnam and Marriott International,” 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 hotels and enhances our real estate portfolio in Europe.”
“We look forward to bringing Omnam’s flair to this unique location and celebrating the natural beauty of Lake Como,” said David Zisser, CEO, Omnam. “This is Omnam’s fourth development in Italy and, as always, our team strives to create new experiences while staying true to the particular heritage of our surroundings. Our goal is to create sophisticated luxury that invites everyone to experience and enjoy. Together with Bain Capital Credit, we are thrilled to once again partner with Marriott International and bring this vision to life.”
“There is an incredible opportunity for hotel investments in Italynot only in major tourist destinations such as Rome and Milanobut in specific locations that have strong appeal to customers seeking high quality services and unique experiences,” said Paul Botelli, CEO of Kryalos SGR. “We at Kryalos are proud to support this great brand’s entry into Lake Como.”
EDITION Hotels committed to uncompromising quality, genuine originality and impeccable modern service continue to challenge traditional perceptions of luxury and reinforce 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 conjunction with one of the world’s foremost designers chosen specifically for that location and features original food and beverage concepts from internationally renowned chefs. The end result offers the best in dining and entertainment, modern luxury services and conveniences “all under one roof”.
EDITION Hotels redefines the concept of luxury by offering an unexpected collection of unique hotels. The Lake Como EDITION is expected to further strengthen Marriott International’s footprint through Europe where it currently has a portfolio of over 719 properties with over 137,500 rooms across 25 brands. EDITION Hotels currently operates 15 properties in locations around the world, including New YorkWest Hollywood, London, Reykjavík, Madrid, Tokyoand Shanghai.
About Marriott International, Inc.
Marriott International, Inc. (NASDAQ: MAR) is based in Bethesda, Maryland, USA, and includes a portfolio of more than 8,000 properties under 30 leading brands spanning 139 countries and territories. Marriott operates and franchises hotels and licenses resorts around the world. The company offers Marriott Bonvoy®, its award-winning travel program. For more information, please visit our website at www.marriott.comand for the latest company news, visit www.marriottnewscenter.com. Also, join us on Facebook and @MarriottIntl on Twitter and instagram.
About EDITION Hotels
EDITION Hotels is an unexpected and refreshing collection of individualized, personalized and unique hotels that redefines the codes of traditional luxury. Featuring the very best in dining, entertainment, service and amenities “all under one roof”, each EDITION property is completely unique, reflecting the best of the cultural and social milieu of its location and times.
Each hotel, with its individuality, authenticity, originality and unique philosophy, reflects the current spirit and zeitgeist of its location. Although all the hotels are completely different from each other, the brand’s unifying aesthetic lies in its approach and attitude towards the modern lifestyle rather than its appearance. EDITION is about an attitude and how it makes you feel rather than how it looks. Public spaces, finishes, design and sophisticated details serve the experience, not drive it. For an underserved market of affluent, culturally savvy and service savvy guests, the EDITION experience and lifestyle explores the unprecedented intersection and perfect balance between design and innovation of consistent, excellent taste and service on a global scale.
EDITION currently operates 15 hotels around the world: New York and Times Square New York, London, miami beach, Tampa, FloridaWest Hollywood, BarcelonaBodrum, Shanghaisanya, China, Abu Dhabi, dubaiTokyo Toranomon, Reykjavíkand Madrid. Join us on Facebook and instagram. Visit www.editionhotels.com.
About Bain Capital Credit
Bain Capital Credit is a leading global credit specialist with approximately $48 billion in assets under management. Bain Capital invests in capital structure and across the full spectrum of credit strategies, including leveraged loans, high yield bonds, distressed debt, private loans, structured products, unsecured loans. performance and actions. Our team of more than 240 professionals creates value through rigorous and independent analysis of thousands of corporate issuers around the world. In addition to credit, Bain Capital invests across all asset classes, including private equity, private equity and venture capital, and leverages the firm’s shared platform to seize opportunities in strategic areas. Visit www.baincapitalcredit.com.
About Omnam Group
Oman (www.omnamgroup.com) is a diversified global real estate investor and developer with an incisive vision to find and develop iconic real estate assets. Omnam’s core expertise lies in medium and large hotels, apartment hotels, residential and mixed-use developments in Europe; its portfolio includes projects in The Netherlands, Belgium, Franceand Italy. Join us on instagramand 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 euros in assets under management and a team of 105 professionals with extensive experience in real estate (offices, logistics, retail, hotel, residential and healthcare), Kryalos SGR offers management services funds, transaction management, development, advisory and credit management services and is a partner of Italian and international leaders. Visit www.kryalossgr.com.
SOURCEMarriott International, Inc.