Essence Hotel speeds up network development and opens up to the business segment
On August 27, subscriptions for the 15 million bond to support the growth of the boutique hotels group begin.
Essence Hotels, a luxury hospitality group founded four years ago, is set to close 2026 with a revenue of 10 million euros, 400 employees, and nine properties. The company, led by CEO Antonio Cafarelli, aims to have ten hotels by 2027, driven by Italy's thriving tourism industry and a growing demand for high-end hospitality services.
Essence Hotels has recently issued a 15 million euro bond on the Vienna Stock Exchange to fund its expansion plans, which include acquiring and renovating more resorts in Italy and abroad, with a focus on destinations like Kenya and the Maldives. The group currently operates properties in Italy, including Favignana, Pantelleria, and Maremma Toscana, as well as Zanzibar, and plans to open new locations in Switzerland, Piedmont, and Verona.
Written by urgent.news from Il Sole 24 Ore's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
