Baglioni Hotels & Resorts acquired

Mexico's Palace Resorts plans US expansion of Italian luxury hotelier

Cancun-based hospitality company, Palace Resorts, has acquired Baglioni Hotels & Resorts – a high-end Italian hotel company with properties in Rome, Florence, Milan, Venice, Sardinia, Apulia, London and the Maldives.

The takeover will see Guido Polito remain CEO of the Italian group, leading the expansion of the company’s brands through Europe, Asia and the Middle East. This agreement brings mutual beneficial advantages, allowing Baglioni Hotels & Resorts to further develop in the US market, which represents 70% of Palace Resorts’ business, and also reach the 75,000+ members of Palace Resorts’ loyalty program, Palace Elite Vacation Club.

The arrangement provides Palace Resorts with entry into the luxury European market, while also gaining an experienced and professional team to manage future hotels, resorts, and real estate investments in Europe, Asia and the Middle East. Furthermore, Palace Resorts will bring the recognised Italian Brand to the Americas and the Caribbean to diversify the product offering for their members and clients in destinations where they are already leaders in the market.

Casa Baglioni Milan will open on 16 January 2023

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“We invested in this great Italian Collection for many reasons, starting with the kindness and great execution ability of its staff both in and out of the hotels, and it will be a pleasure to keep collaborating with our new partner and CEO, Guido Polito, who has taken the Group to worldwide recognition with the Italian spirit in every detail of the guests’ experience,” said Gibran Chapur, Executive Vice President.

“We will grow our investments in Europe, Asia and the Middle East with the very capable team of professionals who work at Baglioni, by also taking the Le Blanc and Moon Palace Brands to this side of the world.”

Lead image: Baglioni Hotel Luna, Venice

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