Canada Pension Plan Investment Board (CPP Investments) and Hamilton Pyramid Europe’s newly created hotels investment venture has invested €172m to buy its seed asset in Italy’s capital city.
The joint venture has bought W Rome, a luxury hotel located in the Ludovisi District in central Rome, from King Street Capital Management and Omnam Investment.
W Rome features 162 guest rooms, 48 private balconies, exclusive terraces on the top floors, a rooftop with a bar and swimming pool as well as an inner courtyard garden. The asset, which is Italy’s first W Hotel, re-opened in April 2022 after a full redevelopment.
