Resort Le Picchiaie
The potential of the tourism business in Italy is so attractive that often international investors find it hard to believe that in our country there could ever exist an economical crisis. We believe Italy is populated with numerous hotel structures extraordinary for their structural features and geographical context, but we also observe they have been neglected to the point they withered away, right when tourism is getting more and more demanding in terms of quality of structures, restaurants and services. The acquisition of the Resort delle Picchiaie is the first strategic entry move on the Italian chessboard, supported by Petroholding investors convinced tourism and hotellerie is the business to be developed by definition.
The 4 stars hotel is located in a dominant position with breathtaking panoramic view on the Gulf of Portoferraio, only few minutes drive away from the town of Portoferraio itself. The property is made of a beautiful lodge-like hall, 50 rooms and suites, 2 swimming pools, 2 tennis courts, wellness center, highly reputed restaurant, meeting rooms and 20 acres of park.
The main target of Petroholding Italia is to create value on the project on behalf of its investors, through the renovation of certain areas, a modern and high standard hotel management, and the acquisition of new tourism flows from Italy and abroad.
Petroholding Italia, upon acquisition of the Resort delle Picchiaie, has incorporated Petroholding Resorts Srl as a platform of services specifically intended for the management of hotels.
The acquisition was executed in October 2016, also thanks to the support of the legal firms K&L Gates, studio avv. Andrea Fulvio Russo, studio avv. Alessandro Moretti.