TH Resorts
Tourism

TH Resorts

  • Status Active
  • CDP Equity Start of the investment 08/03/2017
  • CDP Equity Investment size € 20.4 mln
  • CDP Equity Shareholding 45.9%
CDP Equity

Overview​

Hotelturist S.p.A. (TH Resorts) is the biggest Italian chain by number of rooms, with about 6,500 rooms managed. It operates in the leisure category, the company manages a portfolio of 30 hotels in Italy (9 of which are in the south). The hotels and resorts, mainly 4-star, cover the beach, snow, summer mountain and art city segments. Through its subsidiaries, TH Resorts also performs tour operator activities and provides technical services to support refurbishing, extension and the building of new tourist accommodation complex operations. The company directly employs over 3,600 people working during peak seasons and about 11,000 employees including the related industry. ​

Rationale​

CDP Equity’s investment, entirely as a capital increase, is aimed at supporting the growth of TH Resorts with the ambition to be positioning it as a leader in the reference market. Thanks to the contribution of CDP Equity’s resources, TH Resorts plans to considerably develop the size of the business by opening new accommodation facilities in Italy, with a significant impact on employment too.