Dorchester Collection to manage Rome’s iconic Hotel Eden (Italy)
Dorchester Group Limited has acquired the 121-room Hotel Eden from Starman Hotels. Effective from 18 September 2013, Dorchester Collection will manage the hotel and continue to work closely together with the previous management company, Starwood Hotels & Resorts, to ensure a smooth transition for hotel guests, partners and employees. |
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Dorchester Collection to manage Rome’s iconic Hotel Eden (Italy)
Dorchester Group Limited has acquired the 121-room Hotel Eden from Starman Hotels. Effective from 18 September 2013, Dorchester Collection will manage the hotel and continue to work closely together with the previous management company, Starwood Hotels & Resorts, to ensure a smooth transition for hotel guests, partners and employees. |
Category: Europe - Italy - Industry economy
- New brands / Affiliations
This is a press release selected by our editorial committee and published online for free on 2013-09-19
Commenting on the transaction, Christopher Cowdray, chief executive officer of Dorchester Collection, said: ‘Hotel Eden is an exciting addition to our portfolio as it is one of the world’s most majestic and iconic hotels in a truly superb setting. Its landmark status, heritage and individuality complement the style and locations of our other nine hotels in the UK, France, Switzerland, Italy and the US. A presence in Rome, one of the epicentres of classicism, additionally creates synergies with our hotel in Milan, Hotel Principe di Savoia. We are delighted to welcome Hotel Eden’s employees into the Dorchester Collection family.’
Originally built in 1834 and converted to a hotel in 1889, Hotel Eden is one of Rome’s most celebrated hotels and popular amongst royalty, heads of states and celebrities, as well as international travellers. It will undergo a careful restoration to enhance the heritage of the building and to reposition the hotel at the forefront of the luxury hotel market in keeping with Dorchester Collection’s portfolio. The timing and scale of this major restoration are currently being established.
Overlooking the seven hills of Rome in the Eternal City, Hotel Eden is ideally located between the Spanish Steps and Via Veneto. It is surrounded by green parks and yet close to the Vatican, St. Peter's Cathedral and Piazza Navona, whilst the Colosseum is only ten minutes away by taxi. The main shopping streets of Via Condotti, Via Borgognona and Via Frattina are conveniently located nearby.
The hotel’s restaurant, La Terrazza dell'Eden, the bar and Terrace Garden on the sixth floor have some of Rome’s most spectacular views spanning from St. Peter's Dome to the Vittoriano Monument and beyond, and is an observation point for the city. The restaurant was awarded a Michelin star in November 2012 under the helm of executive chef Fabio Ciervo. This Michelin star will complement those at Dorchester Collection’s other hotels, which include three stars at The Dorchester, three stars at Hotel Plaza Athénée and three stars at Le Meurice.
The advisors to Dorchester Group were Beacon Hospitality Partners, Dentons, Carnelutti, and PwC.
Dorchester CollectionDorchester Collection is a portfolio of the world’s foremost luxury hotels in Europe and the USA, each of which reflects the distinctive culture of its destination. By applying its unrivalled experience and capability in owning and operating some of the greatest individual hotels, the company’s mission is to develop an impeccable group of the finest landmark hotels through acquisition as well as management of wholly-owned and part-owned hotels, and to enter into management agreements.
The current portfolio includes the following hotels (in order of them joining the group): The Dorchester, London; The Beverly Hills Hotel, Beverly Hills; Le Meurice, Paris; Hôtel Plaza Athénée, Paris; Hotel Principe di Savoia, Milan; Hotel Bel-Air, Los Angeles; Coworth Park, Ascot, UK; 45 Park Lane, London; Le Richemond, Geneva; and Hotel Eden, Rome.
Beacon Hospitality PartnersBeacon Hospitality Partners is an asset management, advisory and transactional practice dedicated exclusively to the hospitality industry, with offices in New York, London and Paris. Beacon’s senior principals have more than 150 years of experience as asset managers, advisors, owners, operators, buyers, sellers, brokers, lenders, developers and franchisors.
About DentonsDentons is a global firm driven to provide a competitive edge in an increasingly complex and interconnected marketplace. It was formed in March 2013 by the combination of international law firm Salans LLP, Canadian law firm Fraser Milner Casgrain LLP (FMC) and international law firm SNR Denton. Dentons' clients now benefit from approximately 2,600 lawyers and professionals in more than 75 locations spanning 50-plus countries across Africa, Asia Pacific, Canada, Central Asia, Europe, the Middle East, Russia and the CIS, the UK and the US. Dentons’ Hotels and Leisure practice comprises a core team of internationally respected lawyers focused exclusively on providing world class expertise to the hotel and leisure industry.
About CarneluttiCarnelutti Studio Legale Associato Milano is the oldest and one of the most renowned independent business law firms in Italy, with more than 100 years of history and a strong international orientation. The firm represents a number of primary multinational groups including banks, financial institutions, insurance companies and industrial groups. The practice, supported by approximately 100 professionals, operates from both Milan and Rome. Carnelutti’s real estate department has an excellent reputation in the Italian market and it has received many awards as one of Italy’s leading real estate practices. About PwCPwC’s hospitality and leisure industry embraces a spectrum of sectors and businesses across hotels, pubs and restaurants, travel and tourism, sport and leisure and gaming. The company provides a range of integrated, specialist assurance, tax, legal and advisory services to help their clients deal effectively with their hospitality requirements - for example, by tax efficient fund structuring, assistance with finance and transaction execution, dealing with regulatory issues and reporting requirements.
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