Boutique Hotel News – 28th January 2020
The acquisition marks the latest in the Reuben’s pipeline of investments and developments in Europe, closely following that of La Residence hotel in Mykonos last week.
La Palma Hotel is the oldest hotel on the island of Capri, which first opened in 1822. Although it currently has 72 rooms, it is set to undergo an extensive refurbishment. The Reubens’ acquisition also includes the La Taverna Anema e Core nightclub, a famous nightspot frequented by celebrities.
Jamie Reuben, a principal at Reuben Brothers, said: “By acquiring Hotel La Palma we are delighted to add such an iconic property to our growing hotel portfolio so soon after our acquisitions in Rome, Mykonos and Ibiza. We aim to restore and enhance this wonderful hotel to be perfectly positioned to provide guests an exceptional Capri experience.”
Investments by Reuben Brothers include data centres, race courses, shipping, aviation, public houses, hotels, technology and media. Its real estate holdings encompass office, retail, hotel, residential, and infrastructure properties across the world.