Invel and YellowSquare are investing 75 million in Italia for four hybrid hospitality facilities

Invel Real Estate and YellowSquare are accelerating the expansion of the joint venture launched in January last year. The property private equity firm and the urban hospitality platform are investing over 75 million euros in four new openings in Italia. The deal comprises three acquisitions – in Bologna, Milan and Venice – and a long-term lease agreement for a property in Naples. All four properties will offer a hybrid accommodation model, with 85 per cent comprising dormitories and capsule rooms and 15 per cent private rooms. Work is already underway in Bologna and Naples, whilst construction is due to start shortly in Milan and Venice.

In Bologna, Invel has acquired a new property on Via Montebello. The project involves the development, by the end of 2027, of approximately 5,000 square metres of mixed-use space, combining accommodation, co-working, staff housing, food & beverage facilities and communal areas open not only to guests but also to residents. The project aims to form part of the regeneration of the surrounding area.

In Milan, the joint venture has acquired a property of approximately 6,000 square metres on Via Melchiorre Gioia, near the central station, with opening scheduled for 2028. The venue will be developed and managed in line with the YellowSquare concept and will strengthen the platform’s presence in the Lombard capital.

The third project concerns Venezia Marghera, where Invel has acquired the former Officine Galileo complex on Via Fratelli Bandiera. The project, which covers approximately 7,000 square metres, involves the construction of a new YellowSquare facility featuring accommodation, food & beverage outlets, co-working spaces, event areas and communal spaces designed for both travellers and the local community. Located at the entrance to Venice from the mainland, the project expands the platform’s presence in one of the world’s leading international tourist destinations and forms part of the wider urban regeneration programme in Marghera.

In Naples, meanwhile, YellowSquare has signed a long-term lease for the former Palazzo della Zecca, a historic building of architectural and cultural significance in the Pendino district, in the heart of the city, recently acquired by Prelios Sgr. The regeneration project, developed by YellowSquare in collaboration with the Neapolitan architect Diego Marotta, will transform the property’s approximately 5,000 square metres into a new contemporary urban square. Plans include accommodation, co-working spaces, event venues and a communal kitchen, as well as an internal courtyard and a panoramic terrace open to both travellers and the local community.