HOSPITALITY PORTFOLIO - CB Commercial€¦ · HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 FOCUS REGIONE SICILIA Normans and Spanish, and by each

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Realty Advisory S.p.A. - [email protected] - Via Sardegna n. 50 I Milan – Via Carlo Porta n. 1 I ITALY

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HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056

Grand Hotel Villa Igiea Palermo

Mercure Excelsior Catania

Grand Hotel et Des Palmes PalermoMercure Excelsior Palermo

HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. and Acqua Marcia Turismo S.p.A.

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Index pag

Focus on the Sicilian Region 3

Properties Portfolio 7

1. Palermo Grand Hotel Villa Igiea 9

2. Palermo Grand Hotel et Des Palmes 12

3. Palermo Mercure Excelsior 15

4. Catania Mercure Excelsior 18

Market Analysis - Focus on the Hospitality in Italy 27

Companies presentations and Disclaimer 31

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HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 FOCUS REGIONE SICILIA

Normans and Spanish, and by each of them inherited a piece of the

mosaic that forms the peculiar temper of Sicilian people, as an evidence

of this extraordinary cultural and artistic heritage, rarely equaled in the

entire world.

Sicily is one of the most popular and original tourist destinations of the

Mediterranean area and of the world, thanks to its mild climate,

beautiful natural surroundings with islands and islets (considered some

of the most beautiful beaches of the Mediterranean for its unspoiled sea

bed) but also for its active volcanoes, mountains, plains and fascinating

baroque cities.

Sicily is an inexhaustible source of life, full of wonderful spiritual places

for the soul, with its Parks, Nature Reserves and Marine Protected Areas;

the islands of the Aeolian Islands, the Egadi and Pelagian Islands and

the islands of Pantelleria and Ustica or its picturesque volcanoes, some

of which with almost continuous eruptions, as Etna and Stromboli.

The impressive architectural remains of temples, theaters, majestic

aqueducts (that still rise in the proximity of the remains of large urban

cities), as well as the quantity and quality of sculptures, decorative parts

of ancient buildings and precious objects (displayed in the main

archaeological museums in Sicily), witnesses of the past civilizations

among the centuries (Greek - Sicilian, Roman and Byzantine), and

constitute one of the greatest archaeological treasures of all humanity.

Religious festivals play an important role in the Sicilian society, leading

to spectacular celebrations and processions.

The world protects the treasures of Sicily and the UNESCO declared as

World Heritage Site the Valley of the Temples in Agrigento, Val di

Noto’s Baroque Towns, Syracuse and the Necropolis of Pantalica, the

Aeolian Islands, Etna Mount; the “Casale Roman Villa” and the

“Sicilian Puppets Opera”, performed with about three feet high

puppets, which evoke the epic deeds of Charlemagne's paladins

knights in battle against the Saracens.

«Italy without Sicily leaves no image in the spirit. The key toeverything can be found in Sicily» [...] «The purity of thecontours, the softness of everything, the yielding reciprocity ofthe colours, the harmonious connection of the sky with the seaand the sea to the land ... who saw them once, will own themfor life». J.W.Goethe

Sicily is the largest Italian island of the

Mediterranean Sea, surrounded both by the Ionian

and the Tyrrhenian Sea: it offers multiple

sceneries, unique and intense smells and tastes

that only nature can offer. For its strategic

geographical location, Sicily has been a

crossroads of several civilizations over the

centuries, that followed in the domination of the

island, i.e. the ancient Greeks, Romans, Arabs,

«Sicily is the land of oranges and blooming soil, whose air inspring it's perfume ... But what makes it an unique land, to benecessarily visited, is the fact that from one extremity to anotherit can be described as a strange and divine architecturemuseum». Guy de Maupassant

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WINE AND FOOD

Thanks to the fact of having been influenced by the culture of

many people, who had occupied it in the course of its history,

Sicily is renowned throughout the world for its cuisine as well,

characterized by strong and spicy flavors, and for the genuine

fish, caught in the blue crystalline waters of southern

Mediterranean.

Due to its complexity, its cuisine is often considered to be the

richest and the most scenic specialties of Italy.

Some of the most well-known dishes (popular in the entire

world) are the cassata, cannoli, granita and arancini. The

fertile soil produces citrus fruits in big quantities, so this

Region is often called the “land of lemons and oranges”.

Sicily has always been the core of the Mediterranean

civilization; it legitimately aspires to be recognized as the

"land of vines and olives," which remembers the ancient

legend that screw sprouted for the first time, thanks to the

tears of thirsty Dionisio. Thus was born the wine, the nectar of

gods, bestowed upon men to comfort their labors and delight

their senses.

It is the Italian region with the highest winemaking heritage of

the whole nation. Its climatic conditions, mild temperatures,

hilly lands, sea breeze and sun lit, are reminiscent of the

territories of California and Australia.

Some Sicilian grapes are famous worldwide, such as Nero

d'Avola (red grape) and Inzolia (white grape). International

varieties of grape have also a significant presence in Sicily,

since the soil sublimates the taste in power and quality.

It is also famous for the production of sweet wines. The more

famous are Marsala, known throughout the world, the

Malvasia delle Lipari, Moscato di Noto and Siracusa Passito di

Pantelleria and Zibibbo.

FOCUS ON THE SICILIAN REGION

GOLF

Its position, right in the center of the Mediterranean Sea, leads to a

temperate climate, which allows for a wonderful play all year long.

The rains are not abundant and are usually concentrated between

late autumn and early spring. High temperatures on coastal areas

lead to mild winters and very hot summers.

Name City Province Distance Holes Par

Villa Airoldi Palermo PA Palermo 1 km 9 32

Le Madonie Golf Resort Palermo PA Palermo 59 km 18 72

Verdura Golf Club Sciacca AG Palermo 109 km 45 72

Disio Marsala TP Palermo 135 km 3

Il Picciolo Linguaglossa CT

Catania 50 km

18 72Taormina 25 km

Siracusa 116 km

Donnafugata Ragusa RG

Catania 117 km

36 72Taormina 169 km

Siracusa 109 km

Monasteri Siracusa SR

Catania 72 km

18 71Taormina 124 km

Siracusa 1 km

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Palermo is an Italian city of about 653.000 inhabitants, is the capital of

the Province and the Region of Sicily, and aspires to become the capital of

the “Union for the Mediterranean”. Stretched over a large creek at the edge

of Mount Pellegrino, in ancient times was one of the most flourishing cities

of the Mediterranean. Palermo is full of natural beauty and is a popular city

of European art. Some of its most important monuments, (witnesses of a

glorious history) are: the Cathedral with the tombs of the Norman kings, the

Norman Palace (first Parliament House in modern history) and its built-in

Palatine Chapel, the Martorana with its precious mosaics, the Church of St.

John of the Hermits (characterized by a typical Islamic architecture), the

Zisa, the Abbatellis Palace and the Teatro Massimo: an extremely charming

city that has true gems of art, inherited from the past, thanks to the

occupation of Arabs, Normans and Spanish. Goethe loved this city, and

wrote "In the public garden, near the port, I spent some magnificent hours

from alone. It 's the most wonderful place in the world“. Palermo has a

beautiful promenade as well: Mondello (which is the town beach), with its

soft and light color sand and clean crystal sea. Not miss to visit its historic

markets: Vucciria, Ballarò and Borgo Vecchio.

Taormina Despite the fact of being a small town (with only 11.000

inhabitants), Taormina is considered to be one of the most beautiful,

welcoming and fascinating city of the whole island. It ‘s an international

holiday resort, with renown five-star hotels and luxury boutiques of major

global brands. With its enchanting natural landscapes and historical

monuments, as well as the prestigious cultural events such as the

"Taormina Arte", the tourist season lasts all year (the higher peak is in

August, and the lower is in January / February).

Taormina is located on a hill, at about 250 meters above the sea level, at

the midway between Messina and Catania, in a strategic location to enjoy

the fast trips on the east coast of Sicily. The origin of the city starts in the

fourth century and its beauty is represented mainly by the presence of

important monuments such as the Greek Theatre, still used for several

concerts and cultural activities.

Catania is located on the southern extremity of Etna and overlooks the

Gulf of the same name, occupying the extreme hillsides of the volcano that

slope to the Ionian Sea. The town, with its population of approximately

295.000 inhabitants, is the second most populous municipality of Sicily and

the fourth in the South, and is located at about 210 km from Palermo and

97 km from Messina. The urban area of Piazza Verga is characterized by

residential, public and professional studies, as well as popular spaces as

Villa Bellini. Recently, due to its rich history and landscape, the Etna was

declared by UNESCO a “cultural heritage of humanity” : is one of the main

natural attractions of Sicily, as well as the highest mountain on the island.

Etna is also one of the most active volcanoes in the world and the most

dynamic in Europe. Its altitude changes with each eruption, and although

over the centuries a few lava flows have reached the coast, is one of the

major destinations of Sicily, with thousands of visitors every year. In winter

the Etna offers skiing holidays, and during the summer, breathtaking hikes

in the woods.

Siracusa with its 123.000 inhabitants, it is the fourth largest city in Sicily

by population (after Palermo, Catania and Messina). Located on the south

eastern coast of the island, it is the capital of the province as well as being

one of the most important international tourist centres throughout the

region, for its beautiful natural landscape, beautiful sea and the numerous

historic monuments mainly located in the island of Ortigia (declared an

UNESCO World Heritage Site in 2005, thanks to its medieval and baroque

features). It can be divided into two different areas: the island of Ortigia,

linked to the mainland by a short bridge, and the main centre of Siracusa. It

was the most important Greek city and, even today, you can relive its

glorious past by visiting its vast archaeological site: temples, a theatre, an

amphitheatre and a necropolis. The white sandy beaches of Siracusa slope

along the coast south of the city, over the ark of the harbour; the city is also

famous for its white cliffs and very clear sea, a true paradise for fishing

lovers and for underwater photography.

FOCUS ON THE SICILIAN REGION

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HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 PROPERTIES PORTFOLIO

AMT HOTELS - CATALOGUE OF PROPERTIES

REF. HOTEL CITY ADDRESS HOTEL RATING GROSS SQM ROOMS N.

1 Grand Hotel Villa Igiea Palermo Salita Belmonte, 43 ***** luxury 18.746 124

2 Grand Hotel et Des Palmes Palermo Via Roma, 398 **** superior 15.258 178

3 Mercure Excelsior Palermo Via Marchese Ugo, 3 **** business 8.392 119

4 Mercure Excelsior Catania Piazza Verga, 39 **** business 17.218 176

TOTAL 59.614 593

Mercure Excelsior Catania

Grand Hotel et Des Palmes Palermo

Grand Hotel Villa Igiea Palermo

Mercure Excelsior Palermo

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HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 1. Palermo Grand Hotel Villa Igiea

The Hotel Villa Igiea overlooks the Tyrrhenian Sea and was built in Art

Nouveau style in the heyday’s cultural life of the city. The original neo-

Gothic style building reminds of a small castle with turrets and

battlements, and was purchased in 1898 by Ignazio Florio Jr. to make a

sanatorium (for its milder winter temperatures, competing with the

famous weather station in Nice and San Remo). Just four years later, it

was re-designed (with the art-nouveau style), to be used as a guest house,

by an important exponent of International Modernism and Liberty Style -

the architect Ernesto Basile – reflecting the taste of the “belle époque” of

the end of '800.

The Hotel is located in Palermo, Salita Belmonte nr. 43, at about 4 Km

from the city center, located on the slopes of Park Belmonte and Monte

Pellegrino. It was built on the northern side of the Gulf of Palermo, on a

sloping area that reaches the sea.

It has accessibility by all kind of transport; the property is approximately

4 km from the Highway A29 Palermo / Mazara del Vallo, 7 km from the

motorway A19 Palermo / Catania, 4 km from the Central Railway

Station, 30 km from the 'Falcone and Borsellino International Airport and

1.5 km from the harbor of Palermo.

Its striking atmosphere is due to its amazing position, overlooking the

sea and surrounded by a beautiful exotic garden, and for being elevated

above the natural coastline, with a free sea view for several kilometers.

The complex Villa Igiea consists of 8 buildings, and has 124 rooms

including standard rooms, deluxe rooms and suites, located on four floors

of the main building and the two levels of one of the secondary bodies

placed near the Harbor.

The gross area is equal to 18.746 sqm, plus the 17.000 sqm area of its

exotic park, a pool overlooking the sea, a tennis court, indoor parking and

a private yacht mooring.

* DATI SINTETICI /

SUMMARY NUMERO / NUMBER

Piani / Floors

5 piani / 5 floors

(nr. 6 corpi di fabbrica / nr. 6

buildings)

Bar / Bar 1

Ristorante / Restaurant 1

Sala meeting-Congressi 1

Palestra-Sala Fitness /1

Gym-Fitness Room

* TIPOLOGIA

CAMERE / ROOM

TYPE

NUMERO /

NUMBER MQ / SQM

Double 52

Deluxe 56

Junior Suite 8

Suite 9

TOTALE / TOTAL 125 18.746

* Dati rilasciati dalla

Proprietà, in corso di

verifica

* Data supplied by the

Owner, not yet validated

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The refined interior decoration, with feminine and floral patterns, and the

polychrome velvety and sensual architectures, still visible into the Villa,

were designed by Basile, with the exception of the living room, whose

frescoes belong to the painter E. Von de Maria Bergler. Everything is

permeated by the original planning of Basile who had an extraordinary

soft touch, inspired by the great European painting style.

Two other important rooms of the Villa have to be mentioned: "Sala

Donna Franca Florio", a famous noblewoman admired by Kaiser Wilhelm

II and emphasized by D'Annunzio, where he exhibited his famous portrait

by Giovanni Boldini; today, this room has become the main restaurant.

The "Sala Basile," which was the former dining room, is now a large hall

used for conferences with a capacity of about 120 people, and is

considered one of the masterpieces of international modernism and one

of the finest Liberty works of Palermo.

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HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 2. Palermo Grand Hotel et Des Palmes

The Grand Hotel Et Des Palmes is a former patrician house built in

1874 as a private residence of the family Ingham - Whitaker; in

1907, the new owner of the house decided to transform it into a

hotel, symbol of the Belle Epoque. The Grand Hotel Et Des Palmes is

the most prestigious and historic hotel in Palermo, and it is between

these rooms that Wagner refinished the "Parsifal" and Crispi laid the

foundations for National Italian unity. It is located in the Municipality

of Palermo in Via Roma nr. 398 in the centre, near Piazza

Politeama. The area is characterized by multi-storey buildings, both

residential and commercial, built between the '500 and' 900. Via

Roma is an important street, provided by several lines of public

transport; it is one of the busiest shopping streets in the city, with

many shops of famous national and international brands.

In addition to these shops, the Hotel is close to two of the most

important urban centers of the city: Piazza Verdi, the famous Teatro

Massimo, where starts the Via Ruggero Settimo, commercial and

social heart of Palermo; and the historic market Vucciria (extended

from Piazza San Domenico to Corso Vittorio Emanuele).

The property is at about 2 km from the railway station of Palermo, 9

km from the motorway A19 Palermo / Messina / Catania, 5 km

from the Highway A29 Palermo / Trapani, 30 km from Trieste

"Falcone-Borsellino airport and 1 km from the port of Palermo .

* DATI SINTETICI /


Piani / Floors 8

Bar / Bar 1


Sala meeting-Congressi2

Meeting Room

Terrazza / Terrace 1

TIPOLOGIA

CAMERE /NUMERO /

MQ / SQM

ROOM TYPE NUMBER

Single 8

Double 143

Deluxe 22

Junior Suite 1

Suite 5




verifica



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The hotel spreads over 7 floors plus the basement, with a potential

capacity of 178 rooms (standard rooms and suites). The Meeting

Rooms can accommodate up to a maximum of 310 people. The

total gross area of the property is 15.258 sqm.

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HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 3. Palermo Mercure Excelsior

The Mercure Excelsior Hotel was built as a temporary construction in

1891, conceived to house the International Exhibition of Palermo. It

was initially raised from timber support structures, intended to be

dismantled easily at the end of the prestigious show. However, as

often happens with similar constructions, its success and the idea of

transforming it to be used as a hotel led to the building that we see

today, following careful restoration by the architect Basile to whom

the project was entrusted in 1925.

It is located in the centre of Palermo, in Via Marchese Ugo nr. 3, near

the English Garden and Viale della Libertà. This area (which goes

from Piazza Politeama to Via Notarbartolo) was the first area of

expansion of the urban fabric in the old town, since the first decades

of the nineteenth century. The nobility of Palermo built here their

residences, palaces and villas, at first in the neoclassical style, and

then, in the early '900, following the style of Art Nouveau, among

which some buildings have a considerable architectural interest, like

some works of the architect Giovan Battista Filippo Basile .

Therefore the neighborhood is identified as one of the most

prestigious areas of the city, with both offices and residences; in this

area there are also many of the most famous shops of Palermo.

The urban layout is characterized by the presence of ancient villas

such as Villa Gonzaga, Villa Bordonaro and their corresponding

parks.

The property is approximately at 5 km from Palermo’s Central

Railway Station, about 10 km from the Highway A19 Palermo /

Messina / Catania, 4 km from the A29 Palermo / Trapani and 28

km from the airport "Falcone-Borsellino" and 2 km from the

Palermo’s Maritime Station.

DATI SINTETICI /


Piani / Floors 5

Bar / Bar 1

Ristorante /

Restaurant1

Sala meeting-

Congressi2

Meeting Room

Palestra-Sala

Fitness /1

Gym-Fitness Room

TIPOLOGIA

CAMERE /NUMERO /

MQ / SQM

ROOM TYPE NUMBER

Double 77

Deluxe 10

Junior Suite 26

Suite 6




verifica



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HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 3. Palermo Mercure Excelsior Hotel

Since 2003, the property has been completely renovated and

upgraded through several construction projects. The Hotel has 119

rooms and suites, 2 meeting rooms and a restaurant bar, on a total

gross area of 8.392 sqm. On the ground floor of the building there

is a branch of Banco di Sicilia, with the main access from Viale

Libertà (not included in the property).

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HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 4. Catania Mercure Excelsior Hotel

The Mercure Excelsior Hotel, the most prestigious hotel in Catania,

has a reinforced concrete beams structure and is located in the

centre of Catania, in Piazza Verga nr. 39, near the Court Palace.

The area has several connections thanks to the main road system

and public transport. The property is at 1 km from Catania’

Railway Station, 6 km from the highway A18 Messina / Catania,

12 km from the A19 Palermo / Catania, 6 km from the

International Airport "Fontanarossa" and is at about 1,5 km from

the harbour of Catania.

DATI SINTETICI /

SUMMARY

NUMERO /

NUMBER

CAPIENZA /

CAPACITY

Piani / Floors 8

Bar / Bar 1


Sala meeting-Congressi7 350

Meeting Room

Spa-Piscina / Spa-Pool 1

Terrazza / Terrace 1

TIPOLOGIA CAMERE

/NUMERO /

MQ / SQM

ROOM TYPE NUMBER

Double 96

Deluxe 68

Junior Suite 6

Suite 6




verifica



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The property was built in 1953 and was completely renovated

(and reopened) in 2011; the structure spreads over an eight floor

building plus the ground floor and the basement, and on the

seventh floor there is a SPA.

The Excelsior Grand Hotel has 176 rooms including 6 suites and 6

junior suites, 7 meeting rooms, a restaurant and a bar. The total

gross area of the property is 17.218 sqm.

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The International Conjuncture

In 2013, international tourism has continued

its strong growth (of both arrivals and

income), leaving behind the 2009 recession.

According to the data system released by the

World Tourism Organization (UNWTO

Barometer, June 2014) in 2013 the tourism

sector experienced an enhancement of

international tourists, who arrived to 1.087

billion quota , a 5% increase compared to the

previous year.

Europe is confirmed as the continent with the

largest number of tourists (563.8 million),

followed by Asia (248.7 million), the

Americas (168.2 million), Africa (55.9

million) and Middle East (50.8 million).

Italian destinations in the international

context

In the 2013 ranking of the world's most

popular tourist destinations, Italy ranks the

5th place for international arrivals and on the

6th place for foreign exchange earnings.

(Sources: UNWTO World Tourism Barometer -

June 2014 - The data used by the UNWTO

were collected by Banca d’Italia).

Analysis of foreign tourist flow in Italy

According to data released by Istat (Sources:

ISTAT National Institute of Statistics), the

2013 season shows a further growth of

international arrivals that have touched

quota 50.2 million, a 3.1% increasing,

compared to 2012; positive trend in

overnight stays amounted to 184.8 million (+

2.3%).

According to the same source, the first four

months of 2014 show a consolidation of the

growth of foreign tourism: arrivals + 3.6% ;

+ 3.4% attendances.

In Sicily, in 2012 there were 1.7 million

arrivals and a total of 6.3 million

attendances (Sources: ISTAT National

Institute of Statistics).

Expenses budget of Foreign travelers in Italy

According to the Bank of Italy, expenditure of

foreign travellers in 2013 maintained the

positive trend registered in 2012: foreign

travelers have brought to Italy 33.064 million

euro, a 3,1% increasing compared to 2012

(an additional 1.008 million euro). The

percentage increasing is even higher (+

6,9%) if related only to expenses made by

foreign travelers on vacation.

Analyzing the trend of expenditure by

geographical area, in 2013 there were

different trends: significant increases in the

center (+5,5%) and the North West (+5,4%),

lighter increasing in the South and Islands (+

1,7%) and an appreciable decrease in the

Northeast (-2,4%). In Sicily it grown from

1.041 million (2012) to 1.100 million (2013)

with a significant increase of 5,7% (source:

Bank of Italy).

The perception of tourism in Italy

An interesting survey (source: ENIT National

Tourism Agency) performed on a sample of

people who had a holiday in Italy in the last

four months (latest data: July 2014), shows

that Italy is promoted with flying colors (in a

synthetic scale from 0 to 100 used by

sociometric / Expert System, the result is 77,

well above the threshold of 60 points,

conventionally regarded as the minimum to

be considered successful or adequate).

Some of its successful elements are

restaurants and catering (defined

"reasonable" and "worth" in the survey). After

food, particularly appreciated seem to be two

elements that characterize our landscape:

the “piazza”s and beaches. Shopping is

another beloved activity, to be done in some

magnificent historical centre in an ancient

city of Italy; and another point of strength is

the quality of the hospitality industry.

Successful resorts offer quality in both

landscape, art-historical, food and, of course,

the quality of the hotel itself.

MARKET ANALYSIS – FOCUS ON THE HOSPITALITY IN ITALY

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Among the Tourist resorts that offer the best

experience, the first place to be mentioned is

Taormina (for its excellent mix of

borghigiana atmosphere and culture of

hospitality). Scrolling down the list of the

destinations we find other seaside resorts.

Among the cities of art, the first places go to

Parma, Lucca and Siracusa; bigger art cities

(such as Rome, Florence and Venice) are the

most quoted, but they are surpassed due to

the quality of the experience.

(source: ENIT National Tourism Agency)

Summer 2014 Performance – Italy’s

tourism market

The service industry expects benefits from

the recent approval (July 28th, 2014) of the

Law which defined some initial steps to

support the revival of Italian tourism.

Even though a reduction was revealed in the

resorts mainly visited by the Italian families

(forced by the crisis to give up or to reduce

the expenses of holidays), the President of

Federalberghi emphasizes instead the

growth (of +2.5%) of foreign tourists coming

to Italy, which confirms the excellent value

for money of the Italian system.

Unioncamere Tourism declares that the

increase in sales is ascribable thanks to 4

and 5 stars hotels.

In 2013 the tourism balance of payments

recorded a € 12.755 million surplus

(+10,5% if compared to the 2012 income,

i.e. € 11.543 million). The positive balance is

attributable to the expenditure generated by

foreign travellers in Italy (an increase of

+3,1% if compared to 2012).

ENIT SUMMARY summer 2014 (edited on

July 10th, 2014)

Europe accounts at 42% international

tourism expenditure; in 2013 the European

market had the largest growth in absolute

terms ($ +35 billion).

China, Russia and Brazil continue to show

the best performance in terms of outgoing

tourism market: in 2013 those 3 countries

globally spent $ 40 billion, accounting for

50% of the increase in international

revenues (amounted in $ 81 billion). China,

with its $ 129 billion of tourist spending

abroad and a further increase of 26%, was

confirmed in 2013 as the first market in the

world; Russia has registered an increase of

25% ($ 54 million) and Brazil + 13% ($ 25

billion).

The touristic flow in Italy: first clues of 2014

In the first months of 2014, foreign tourism

in Italy showed a positive trend. According to

data collected by the Bank of Italy, from

January to April 2014 there was an increase

of +3% of foreign travellers, along with a

further increase in expenditure of +5,3% (an

extra 396 million euro than in the same

period of 2013).

Sales abroad in 2014 : destination Italy

The data related to Summer 2014, collected

by ENIT, shows that Tour Operators involved

with the sales of holidays in Italy had a

broad satisfaction. Specifically, 5,7% of T.O.

affirm that they were increased, 29,6% say

they have remained stable and only 10,7%

of T.O. say that they are in decline, if

compared to the same period of last year.


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Focus on foreign markets in Sicily

Germany - Tour operators Thomas Cook,

TUI, Olimar, FTI Touristik, registered an

increasing/stable trend compared to last

summer, positive sales for destinations in

Sicily

Swiss – National operators (Flex Travel,

Verkehrsbetriebe STI, TUI Suisse) reported a

good level of bookings for Italy, in Sicily are

very required wine tours and Southern Italy

trips.

UK - registered an increasing in sales

(+12%) for beach holidays (couples and

families) with a stay in Sicily between 7 and

10 nights.

France - one of the top destinations as

individual holiday is Sicily. Direct Flights

from Paris to Catania and Palermo.

Spain - the segment of luxury tourism is

growing: the demand for 5 star hotels is

increasing considerably.

Sweden - charter operators Airtours and

Fritidsresor recorded a significant sales

increase for Sicily. According Vagabond

Sweden, the leading magazine of travel,

their readers picked Sicily as one of top

three positions among the ideal summer

destinations. The Scandjet Airline company

will begin to offer several flights from

smaller airports in Sweden directly to

Comiso, a Sicilian town.

Russia - most Russians prefer beach

holidays, possibly associated with visits to

our cities of art. One of the most popular

destinations is Sicily. Early introduced:

Alitalia-Air One provides flights from

Moscow and St. Petersburg to Palermo;

from Krasnodar to Catania.

USA - The company Meridiana will provide

flights from New York to Catania and

Palermo from May to October.

Canada - One of the most popular Italian

region is of Sicily.

Brazil - registered a +15% increasing. One

of the most visited Italian regions is Sicily.

Most popular tourism request are for cities

of art, food and drink tours, religious

tourism, shopping tourism and beach

holidays.

United Arab Emirates - the sales trend for

Italy increased significantly.

China - this summer was registered a

greater number of Chinese tourists.

According to TO Bamboo Garden Beijing

Caissa International Travel and

International Travel, sales grew by 20-30%

Japan - Taormina and Southern islands are

very popular destinations, not only beach

holidays but also for the beauty of natural

landscapes. In addition to the request for

the cities of art, an increasing interest was

shown for nature and parks. One of the

most popular Italian region is Sicily.


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CB




Ph. (+39) 06 39740456 - Ph. (+39) 02 89919232 – Fax (+39) 06 83700463

HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 COMPANIES PRESENTATIONS AND DISCLAIMER

In coordination with the Technical Advisor

REVALO’s mission is property service: maintaining and enhancing the value of customers’ properties. An active and integrated management of all administrative,

technical and commercial aspects, a unique competence and experience safely protect the value of REVALO’s real estate portfolios.

The added value that REVALO can offer to support real estate development strategies is based on in-depth and up-to-date knowledge of individual properties and their

tenants, and on the promptness and reliability of reporting to proprietors, a valuable factor in any decision-making.

Realty Advisory S.p.A. represents the leading Coldwell Banker Commercial brand in Italy and with its corporate structure is one of the most dynamic real estate advisory

and brokerage firm in the Italian scenario. It provides realty valuation, brokerage and advisory services. CBC relies on specialists with more than twenty years of

experience and with full knowledge of the Italian real estate dynamics. Through an ongoing updating and training, CBC and its professionals are able to foresee the

market evolutions, identify new solutions and grant new opportunities. Competence, professionalism and innovation are the core values that guide the company. CBC

deals with IMCOs, banks, insurance companies, hotel groups, corporate and private investors. Offering dedicated services, it guarantees complete confidentiality to

investors for all operations. Being part of an important network, the company is able to offer to its clients a wide range of high quality properties. CBC guides in the

purchase, sale or lease of assets, providing full assistance in the sectors of Hospitality, Capital Markets, Retail, Small Business, Office, Multi-Family, Construction Sites

and Corporate. All offered services are characterized by attention to details and problem solving, even in the most difficult and critical situations.

This Information Memorandum is circularized on a restricted basis and confidential for the exclusive use of potential purchasers of the property described herein and

constitute a solicitation of expressions of interest and therefore did not constitute an offer. The information contained in this Information Memorandum has been

prepared by Coldwell Banker Commercial S.p.A. on the basis of information supplied by the property. None of the information contained in this Information Memorandum

has been checked independently or jointly by the Properties or by Coldwell Banker Commercial S.p.A. No liability of any kind has been or will be accepted for any reason

and no representation or warranty or assumption of obligation, express or implied has been or will be made by the owners, by Coldwell Banker Commercial S.p.A., with

respect to the information, projections, opinions or data contained in this document or provided to prospective purchasers or their advisors through any means or any

error, omission, inaccuracy in the statements. Neither the properties nor Coldwell Banker Commercial S.p.A. makes, or has been authorized to make, any representation

or warranty (express or implied) in relation to the sale of the property or as to the veracity, accuracy or completeness of this Information Memorandum or any other

written or oral statement contained herein or in any other document. Finally, the properties disclaims any express or implied liability with regard to the use of the

information and data contained in this Information Memorandum and any other oral or written communications received by potential buyers, their affiliates, parent

companies, subsidiaries or affiliates, directors, auditors, employees, legal and financial advisors, financial institutions, during the evaluation process of their interests in

the Transaction ..

By accepting delivery of this Information Sheet each subject, with respect to itself and to its representatives and consultants: agree to use it, as well as the information

contained here, just for the assessment of the Transaction and decide whether to confirm or decline the interest in it; agrees to maintain in strict confidence the

information contained herein, agree not to reproduce or distribute this Information Memorandum or any part of it to unauthorized persons without the prior written

consent of Coldwell Banker Commercial S.p.A.; and should not be considered as part of any offer for sale or recommendation of the Property or of Coldwell Banker

Commercial S.p.A. or any of their respective affiliates or any other person in relation to the Transaction.

DISCLAIMER

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Documents

HOSPITALITY PORTFOLIO - CB Commercial€¦ · HOSPITALITY PORTFOLIO AMT Real Estate S.p.A. e Acqua Marcia Turismo S.p.A 14-056 FOCUS REGIONE SICILIA Normans and Spanish, and by each