WCG advised Staycity Aparthotel, part of the Staycity Group, on the sale of a 4★ hotel located in Venice Mestre, acting as advisor to both the buyer and the landlord in the sale transaction. The property, owned by an Austrian fund, has 160 rooms and was acquired by Staycity Aparthotel as part of a consolidation strategy in the Italian market.
Challenge
Manage a hospitality sales operation, ensuring alignment between the hotel brand's needs and the property's objectives.
Outcome
Modern aparthotel located in Venice Mestre, one of the main gateways to the lagoon city and a rapidly growing destination in the hospitality sector.
“We are proud to have assisted Staycity Aparthotel in the operation relating to the Venice property Mestre, acting as advisor to both the buyer and the lessor in a deal that is part of a clear consolidation strategy in the Italian market. Managing a transaction of this type requires a balance between differing interests and a deep understanding of the dynamics of the sector. Mestre Today, it represents an increasingly important gateway to Venice and contemporary hospitality. WCG thus confirms its ability to support brands and properties in highly strategic transactions. Andrea Faini, CEO & Founder WCG