Starhotels Group's 2024 revenue tops 315 million (+2.8%)

After a record 2024, 2025 will be a year of further expansion for Starhotels. Last year ended with a turnover of €314.8 million (+2.8%), Ebitda of €102.7 million, almost a third of revenues, while net profit was €34.3 million, close to 11% of revenues, up 9% on the previous year. Values that could have been better because on a like-for-like basis Ebitda would have been 104.5 million.

In the coming months the development of the group, which today has 31 hotels with a total of over 4,300 rooms and luxury residences, will continue. "We are looking with interest at the potential of the Italian market, in particular high profile leisure destinations," explains Elisabetta Fabri, president and CEO of the Starhotels Group. "We are evaluating new opportunities in exclusive areas such as the Amalfi Coast and the islands of Campania and Sicily, with the aim of continuing to offer authentic, quality experiences". A development supported by a 350 million loan, provided by a pool of banks made up of Bnl Bnp (agent bank), Bper, Bpm, Credit Agricole, Mps and Unicredit. with a ten-year term for the purchase of new structures or operations under lease and management.

Coming at the end of August is the inauguration in Venice of the Hotel Gabrielli, a historic five-star hotel now managed by the Group. "In Florence we will be inaugurating the "Teatro Luxury Apartments", a new high-end residential project, in the autumn," the chairman continues. The management has been entrusted to us by Hines, Blue Noble and Savills Investment Management SGR. This is an initiative of great value, not only for its positioning in the hospitality segment of excellence, but also for the important urban regeneration project involving a symbolic area of the city, the former Municipal Theatre".

The recent acquisition of the 4-star Hermitage Hotel & Resort in Forte dei Marmi represents the entry into the resort segment. It is scheduled to reopen in June 2026, upon completion of redevelopment work. "We are continuing to invest in strengthening our portfolio with major redevelopments in owned structures such as the Castille in Paris, The Michelangelo in New York, and several hotels in Italy, including Milan, Genoa and Vicenza with Villa Michelangelo," reports Elisabetta Fabri.

The preliminary balance for the first half of 2025 sees an increase in consolidated turnover of 9.2% compared to the same period last year with some destinations such as Rome performing very well and others holding up.