The Corinthia Hotel group has signed a deal to run a 58-room luxury hotel in Lake Como, Italy.
The hotel will be built adjacent to the alpine village of Menaggio, overlooking the iconic lake and alongside a golf course that is the second-oldest in Italy.
Construction will begin following planning approval and the hotel is slated to open in late 2028, Corinthia’s parent firm International Hotel Investments p.l.c. (IHI) said in a statement announcing the deal on Monday.
The 40-hectare site is owned by RoundShield, a European private credit offshoot of investment management firm Harrison Street. Harrison Street has over $103 billion in assets under management and acquired a majority stake in RoundShield last June.
The redevelopment and asset management will be carried out by Kervis SGR S.p.A. on behalf of the Putter Fund, which is fully invested and controlled by a RoundShield entity.
“This will be the Corinthia brand’s second property in Italy, following Corinthia Rome, and offer a rare, fully integrated resort in the iconic yet supply-constrained destination. Plans for the Lake Como property include a world-class spa, wellness and dining experiences, and a lakefront club providing direct access to the water at the widest part of the lake,” IHI told shareholders. Guestrooms will nestled into the foothills, following the land’s natural contours.
The company said the Lake Como resort will also feature three branded residences with three villas housing the hotel’s lobby, lounge, and golf club.
The company’s Lake Como hotel will be the second Corinthia hotel in Italy, joining another luxury hotel that will open this year in Rome.
Established in Malta, IHI and its Corinthia brand has now expanded worldwide and operates high-end hotels across continents in cities like London, New York, Brussels and Budapest. The company is also expanding eastwards, with plans for hotels in Dubai, Abu Dhabi and the Maldives.
Last week, IHI announced that it had entered into a deal with a private equity firm to sell a 72 per cent stake of its Lisbon hotel, as part of a deal establishing a joint venture with Orion Capital Managers.
