UNICREDIT CIB AT IHIF2016 WITH ITALIA HOSPITALITY
Unicredit CIB has already taken part in the IHIF for a few years now as a speaker, believing this event to be the primary European sector conference, during which the biggest investors and hotel operators get a chance to network. This year, we are very pleased to take part in the IHIF together with the Italian Association of Hotel Companies as part of Italia Hospitality, the group whose mission is to take the Italian hotel business abroad. UniCredit CIB believes in the hospitality sector and supports international hotel chains in their expansion in Italy. The UniCredit CIB network has recently strengthened its team with real estate and hospitality specialist professionals to assist investors and hotel operators. The main Italian cities are seeing the arrival of foreign institutional investors ( private equity and sovereign wealth funds) that purchase hotels or property to convert into hotels. UniCredit CIB helps these investors and facilitates their dialogue with international hotel chains interested in entering Italy or strengthening their presence in the country.
In terms of investment type, the bank is looking with interest at projects regarding hotels in the main Italian cities and, selectively, at resorts. City projects may be hotels already up and running or to be developed, or even properties to be converted into hotels. In these cases, the bank finances both acquisition and the plan of investments need for the repositioning or conversion. As far as the hotel contract type is concerned, the bank is ready to analyse ( i) leasehold contracts, ( ii) management contracts and ( iii) franchises, where the cash flows of the investments are backed by reliable sector feasibility studies. Regarding international hotel chains, in addition obviously to funding any real estate deals, UniCredit CIB offers financial assistance for their working operations.