Xenia Hotellerie Acquires Piajo Resort with PwC TLS Assistance
Deal News | Jan 28, 2025 | Legal Community Italy
Xenia Hotellerie Solution, a company renowned in the hospitality industry and the owner of the Phi Hotels brand, has successfully acquired the business branch of the Piajo Resort from Tenuta Colle Piajo. The acquisition was supported by PwC TLS, an Italian legal and tax firm, with a dedicated team including Partner Cristina Cengia and other experts handling legal, contractual, administrative, and real estate aspects. The acquisition is accompanied by a long-term lease contract with Tenuta Colle Piajo. The details of this complex transaction were finalized with the assistance of notary Marco Tucci, marking a significant expansion for Xenia Hotellerie in the hospitality sector.
Sectors
- Hospitality
- Legal Services
- Real Estate
Geography
- Italy – The transaction involves Xenia Hotellerie and PwC TLS in Italy, with the Piajo Resort located in Nembro, Bergamo.
Industry
- Hospitality – The article involves Xenia Hotellerie, a hospitality company focusing on hotel brands like Phi Hotels.
- Legal Services – PwC TLS played a key advisory role in legal and contractual aspects of the acquisition.
- Real Estate – The acquisition involves property and real estate elements as highlighted by the involvement of real estate legal advisers.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Xenia Hotellerie Solution | Target | Company | A hospitality company owning the Phi Hotels brand, acquired the Piajo Resort. |
| Tenuta Colle Piajo | Vendor | Company | The selling company that owned the Piajo Resort prior to the acquisition. |
| PwC TLS | Legal Advisor | Company | Provided legal and contractual assistance to Xenia for the acquisition. |
| Cristina Cengia | Partner, Legal Advisor | Person | Partner at PwC TLS leading the team on this acquisition. |
| Marco Tucci | Notary | Person | Handled the notarization of the transaction. |