Limestone Capital Continues Expansion With Acquisition Of The Yard Hotel Milan
Zug, Switzerland; April 7, 2021 - Limestone Capital, a private equity firm with a focus on tech-driven hospitality investments, is pleased to announce the acquisition of The Yard, a boutique hotel in Milan that has established itself over the last years as one of the city’s leading lifestyle hotels and renowned cocktail bars. The acquisition is the fund’s third transaction since the beginning of the pandemic and the second of its growing Italian cluster in Italy together with Aethos Saragano. The deal is part of Limestone’s strategic focus to acquire and increase the performance of traditionally run hotels with strong real estate fundamentals and turn them into high yield, tech-enabled lifestyle hotels with vigorous growth.
As with all of its investments, Limestone will place technology and authentic hospitality at the heart of the transformation process. To achieve this, the investment fund will partner again with Aethos Hotels & Clubs to conceptualise and execute the vision and re-birth of this exciting hotel asset which has a loyal following among the fashion, music and creative industries and is a fixture in the lifestyle and cultural scene of Milan as well as internationally. Aethos specialises in innovative and modern hospitality solutions with the goal to optimize returns for owners while delivering authentic, invigorating travel experiences for today’s modern traveler.
Together with leading family offices and institutional co-investors around the globe, Limestone expects to continue to invest from its core fund Amethyst into its strong pipeline of Covid-opportunities. “We have sourced highly attractive investment opportunities in key markets and will continue to grow in the overall Mediterranean, particularly however in Italy’s hotel real estate market, which is highly fragmented and has a lot of untapped potential,” says Limestone Capital General Partner Alexander Schütz. “The combination of Limestone’s hands-on, vertically integrated asset management approach and a tech-enabled operating platform headed by highly experienced hoteliers and technology entrepreneurs delivers rapid value creation for our fund investors and partners,” says Limestone’s Managing Partner Benjamin Habbel.
About Limestone Capital
Limestone Capital is a fully integrated investment firm dedicated to identifying and creating value within the hospitality sector. The private firm manages capital on behalf of leading family offices and institutional investors utilising a highly selective investment approach focused on high-quality, differentiated assets with attractive risk-adjusted returns.
About Aethos Hotels & Clubs
Aethos Hotels & Clubs is a hospitality group specialising in innovative and tech-enabled hospitality solutions to optimize returns for owners by offering differentiated concepts to unlock the full potential of the asset while delighting a new generation of conscious travellers.