Xenia Acquires Hotel La Ruota in Piedmont for €3 Million

Xenia Hôtellerie Solution S.p.A., an Italian hospitality company listed on Euronext Growth Milan, has signed a binding agreement to acquire the Hotel La Ruota, a four-star hotel in Pianfei, Piedmont, Italy, for a total of €3 million. The acquisition includes a rent-to-buy contract for the real estate component of the property.

Transaction Details

The agreement encompasses the acquisition of the hotel’s business operations and a rent-to-buy arrangement for the underlying real estate. The 65-room hotel features meeting rooms, a restaurant and a swimming pool. The deal does not include the assumption of any existing liabilities. Xenia financed the acquisition entirely from existing funds, without incurring new debt.

Strategic Importance for Phi Hotels

The acquisition is expected to strengthen the presence of Phi Hotels, Xenia’s hotel chain, in both Piedmont and nationally. The hotel’s location, situated near Prato Nevoso ski resort and the French border, is considered strategically advantageous. According to Xenia, the location will allow Phi Hotels to enhance its presence in the region and maintain a premium positioning within its portfolio. Travel Quotidiano reports this strategic positioning.

Financial Performance of Hotel La Ruota

Based on the most recent available financial statements, Hotel La Ruota generated approximately €1.3 million in revenue with an EBITDA of around €130,000 (a 10% margin). This performance aligns with the financial parameters of Phi Hotels’ existing premium-positioned properties. Corriere.it provides these financial details.

Expansion of Phi Hotels Portfolio

With this acquisition, the Phi Hotels portfolio now comprises 19 properties, bringing the group closer to its goal of 25 hotels outlined in its 2025-2028 industrial plan. Travel Quotidiano highlights this expansion.

Closing and Operational Integration

The transaction is expected to close by April 30, 2026, with operational integration scheduled for September 1, 2026. Travel Quotidiano confirms these dates.

Statements from Key Parties

Davide Rosso and Monica Rosso, administrators of Immobiliare Pianfei, and Silvana Giuliani, representing the owner family, expressed their belief that Phi Hotels and Xenia will be able to build upon the legacy of Hotel La Ruota, established by their father, Emilio Rosso, while ensuring continuity for employees and customers. Travel Quotidiano reported on these statements.