NH Hotel Group adds eight properties from Boscolo hotels to their collection

NH Hotel Group has reached an agreement with Covivio, one of the key European real estate players, to operate a portfolio of eight high-end hotels, with prime locations in Rome, Florence, Venice, Nice, Prague and Budapest.

The portfolio includes iconic hotels such as the Palazzo Naiadi in Rome, the Carlo IV in Prague, the Plaza in Nice and the NY Palace in Budapest.

These Boscolo hotels had previously been bought by Covivio. The agreement has an initial duration of 15 years and the transaction is expected to be fully complete by the end of the first half of 2020. However, the hotels in Florence and Nice which are currently being fully refurbished are expected by June 2020 and January 2021 respectively.

This agreement will add 1,115 rooms to NH Hotel Group’s luxury properties. The hotels are centrally located in Rome, Florence, Venice, Nice, Prague and Budapest, six are in the 5-star and two are 4-star categories. The hotels are flagship establishments and they will gradually be rebranded under the Anantara Hotels & Resorts and NH Collection brands.