Italian financial services company UnipolSai has agreed to acquire Italian hotel group Una for nearly €287m in order to diversify its investment and improve its presence within the hospitality industry.

The acquisition is being carried out through two transactions.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

The business unit concerning hotel management of Una will be purchased at €27.6m, while the real estate portfolio for hotel use from Venice to Catania and Sicily will be acquired for €259m.

"The business unit concerning hotel management of Una will be purchased at €27.6m, while the real estate portfolio for hotel use from Venice to Catania and Sicily will be acquired for €259m."

UnipolSai is also planning to merge Una with its Atahotels hotel chain, in order to expand its portfolio with more than 50 hotels, consisting of 8,600 rooms with an aggregate revenue of more than €170m.

UnipolSai said in a statement: "The new entity, with the support of partners, will be able to search for enhancement and development opportunities, increasing its competitiveness in the strategic sector of the Italian economy represented by tourism."

Preceding transactions are likely to take place after the company receives approval from relevant authorities. It is subject to the completion of the debt restricting procedures of Una.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

UnipolSai CEO Carlo Cimbri is reportedly trying to boost the company’s profitability after it completed a four-way merger to save Fondiaria-SAI, which faced probes of alleged market manipulation by Cimbri and other directors.

Bloomberg quoted Banca Akros analyst Francesco Previtera who said: "The acquisition is likely to complete Atahotels’ restructuring process, which begun after the merger with Fondiaria-SAI."