The building that used to host the Italian State mint in Rome's Piazza Verdi will be turned into a luxury hotel by Rosewood Hotels and Resorts International Limited, which is controlled by New World China Land Ltd. The move was announced in statement by Italian State investment bank Cassa Depositi e Prestiti (CDP).
The letter of intent between the CDP-controlled Residenziale Immobiliare 2004 S.p.A and Rosewood, among others, was signed last Friday, the statement said.
The project envisages building an extra-luxury hotel with around 200 rooms, a convention centre, restaurants, swimming pool, spa, as well as about 50 private residences managed by the hotel operator.
The restructuring of the building is scheduled to start when the definitive binding contracts are signed in a few months' time, the statement said.
Rosewood Hotel Group, one of the world's fastest-growing hotel companies, encompasses 55 hotels in 18 countries across multiple brands, according to its website. With established locations in North America, Europe, Asia, the Middle East and the Caribbean/Atlantic, Rosewood Hotel Group is pursuing "an aggressive expansion strategy with nearly 40 new hotels currently under development," it says.
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