Hotel Cerretani Florence, MGallery by Sofitel
- Property Details
Property Details [ – ]
|Number of Guest rooms||86|
|Number of F&B Outlets||Two outlets comprising Il Patio Restaurant and Bar Il Michelangelo|
|Land area||~1,350 sq m|
|Vendor||Cooperative Redwood Grove International U.A. and Galaren Invest B.V.|
|Purchase price at 27 November 2018||€40.6 million (1)|
|Valuation (2) as at 25 July 2018||€43.8 million|
- (1)The purchase price of €40.6 million is based on H-REITs effective 95.0% interest in Hotel Cerretani Florence, MGallery by Sofitel.
- (2)The property was valued by HVS Global Hospitality Services as at 25 July 2018 using the Discounted Cash Flow approach and based on a 100% interest basis.
Via de' Cerretani 68, 50123 Florence, Italy
~1,350 sq m
Hotel Cerretani Florence, MGallery by Sofitel is a 4-star hotel with 86 rooms. Boasting an exceptional location in the heart of Florences historic city centre, the hotel is within walking distance to world famous tourist attractions including the cathedral of Santa Maria del Fiore (Il Duomo), Ponte Vecchio, Galleria dellAccademia, and the Uffizi Gallery, which houses some of the most important works of the Renaissance, such as those by Leonardo da Vinci, Botticelli and Michelangelo.
The main train station is only an 8-minute walk from the hotel while Florence International Airport is also easily accessible via a relatively short 25-minute drive.
In 2016, the hotel underwent a full renovation of all its guest rooms and public areas.
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