Italian real estate firm Percassi Group has acquired the four-star, 118-room Hotel NH Orio al Serio in Bergamo, Italy from Commerz Real, the real estate and asset management arm of Germany’s Commerzbank. The property is situated next to Milan Bergamo Airport, around 50 kms from Milan and 4 kms from the historic centre of Bergamo. The hotel includes a restaurant, two bars and seven meeting rooms. The deal forms part of a wider transaction involving the adjacent Orio Center – Italy’s largest shopping mall – which Percassi is acquiring in a joint venture with Generali Real Estate, the property investment arm of Italian insurer Generali Group, for approximately €470 million, also from Commerz Real.
