Invel gets 65 million from Unicredit to push YellowSquare's growth

yellowSquare accelerates on its path to consolidate itself as one of the most relevant hybrid hospitality players in Southern Europe. Invel Real Estate, a real estate private equity operator and subscriber to the Yellow fund managed by Castello Sgr, has finalised a EUR 65 million loan with UniCredit to support the development of the platform in Italia.

The resources will be earmarked for the acquisition and development of more than 2,000 beds - which will be fully managed by YellowSquare - in the main Italian cities with a strong international vocation. The transaction will pay particular attention to urban regeneration projects and sustainable building solutions, so much so that the financing will qualify as a green loan, confirming the group's commitment to ESG issues. 'This is an important step in YellowSquare's continued growth and a strong signal of confidence in our objectives,' explains Gabriele Magotti, chief investment officer of Invel Real Estate. The next phase of development in Italia is part of a broader growth strategy for the platform in the main urban markets of Southern Europe'.

The deal follows on from the strategic joint venture between Invel and YellowSquare established in January 2025, which laid the foundation for the current expansion plan. Today, YellowSquare has around 1,200 operational beds and this financing reinforces its European ambition, aiming for new developments that will feature innovative design and spaces designed to encourage guests to connect. The overall partnership aims at an investment of EUR 200 million to manage more than 5,000 beds in Italia, Spain, Greece and Portugal.