Maltese hotel chain Corinthia has announced it will open an ultra-luxury hotel in the centre of Rome, converting a building that used to house the Italian Central Bank.
The building in Parliament Square was purchased by the Reuben Brothers, one of the richest families in the UK, who have signed a contract with Corinthia to develop it into a hotel. It will feature guest suites and bedrooms, restaurants and bars wrapping around central garden as well as a spa and rooftop amenities.
“This acquisition and development is yet another milestone in establishing our global property footprint, and furthers our interests in Italy, which include the newly-opened Palazzo Experimental in Venice,” Jamie Reuben from the Reuben Brothers said. “Our objective here is to create the best luxury hotel in Rome”.
“We are very pleased to have entered into these arrangements as developers and operators, adding yet another flag to our portfolio in one of the most visited cities worldwide,” Corinthia CEO Simon Naudi said. “We are also especially proud of having established the foundations for a new partnership with the Reuben Brothers.”
Design work has already commenced and works are expected to start in 2020.
Corinthia has already restored 19th century European buildings in London, Budapest and St Petersburg into five-star hotels and is currently also working on sites in Bucharest, Moscow and Brussels.