HIG creates €1bn resort hotel group in Southern Europe

Ella Hotels & Resorts is a luxury, lifestyle and hotel group.

  • Ella’s portfolio will comprise 13 hotels with a total of 4,500 rooms
  • HIG is a global alternative investment firm with $60bn of capital under management
  • The firm is based in Miami

HIG’s affiliates have combined their hotel assets to form Ella Hotels & Resorts, a luxury, lifestyle and hotel group.

Ella’s current portfolio is estimated to be valued at over €1 billion.

Ella will operate a collection of sustainable “eco-chic” resorts across Southern Europe. Its portfolio will comprise 13 hotels with a total of 4,500 rooms, located in five of Greece’s key tourist destinations.

“We believe the Mediterranean resorts market is one of the most attractive real estate sectors with the strongest fundamentals and secular trends,” said Riccardo Dallolio, MD and head of HIG Realty in Europe. “In addition to the strong recovery in global travel, the recent upgrade of Greece’s main peripheral airports allowed for an even stronger recovery in their resorts market.”

Ella plans to expand into additional, established Mediterranean holiday destinations, focusing on opportunities in Spain, Portugal, and Italy, with a target of reaching 10,000 total rooms in its portfolio, according to a release.

“The Ella team is uniquely positioned to capture the key emerging trends in the hospitality industry, such as the customisation and personalisation of the guest experience, digitalisation of the operating model, prioritisation of health and wellness, as well as the growing importance of sustainability,” said Stelios Theodosiou, MD at HIG Realty in Europe.

HIG is a global alternative investment firm with $60 billion of capital under management. It is based in Miami.