Mangia’s Group, 180 million investment plan

The Mangia’s Group, comprising Aeroviaggi and its subsidiaries Pollina Resort and Grand Hotel et Des Palmes, is launching a three-year investment plan worth 180 million to reposition and enhance the quality of its portfolio, with the aim of developing new strategic destinations and upgrading existing assets. Around 40 per cent of the investment will be allocated to assets under the new Icona’s Collection brand, a proprietary brand positioned in the luxury segment. 2025 was a record year for the company, which recorded revenues, and production value of 119 million, up 27% on 2024, whilst aggregate production value stood at 138.9 million (+34%) compared with 104 million in 2024. The growth in revenue reflects the sector’s positive performance, with an increase in occupancy rates and a rise in total revenue per occupied room across the portfolio of properties. EBITDA stood at 9.7 million, up 48% compared with 2024. At an aggregate level, EBITDA reached 16.7 million, up 68% compared with 2024, with an EBITDA margin of 12.0%, a result supported by an improved guest mix, higher occupancy levels and increasingly efficient asset management. Net profit for the year stood at 2.3 million, whilst the aggregate figure reached 4.8 million.

The summer season for the group coincides with three major openings; on 1 July, the 5-star Mangia’s Costa Ragusa Borgo will open, followed a month later by the 5L Icona’s Costa Ragusa Resort, part of the Icona’s Collection, whilst the 4-star Acacia Resort has just been added to the portfolio. Priorities for the new financial year include strengthening the Group’s positioning in the luxury and upper-upscale segments, supported by the expansion of the Icona’s Collection, which aims to reach 10 iconic properties – comprising city hotels and resorts – by 2031, as well as strengthening the brand architecture and international distribution channels. “The 2025 results confirm the solidity and consistency of the strategic path we have followed in recent years,” said Marcello Mangia, CEO and Chairman of the Mangia’s Group. We are evolving our hospitality model through the repositioning of our portfolio, the development of new destinations and the strengthening of the luxury and upper-upscale segments. Strategic projects such as the launch of the Costa Ragusa destination embody this vision: destinations where hospitality, the local area, sport, fine dining and wellness coexist within an evolving, international model. With Icona’s Collection, we aim to further develop this strategy by building, by 2031, a collection of iconic properties united by a strong identity and connection to the local area.”

The development of the range

As regards the development of its offering, the Mangia’s Group continues to focus on positioning itself in the luxury and upper-upscale segments, on the internationalisation of demand, and on promoting destinations with high scenic, cultural and tourist potential. In recent years, the Group has embarked on a comprehensive transformation programme, focused on the development of new destinations, the creation of an ecosystem of distinctive and complementary brands, and an extensive asset refurbishment programme, with the aim of enhancing the value of its portfolio and consolidating its position in the luxury hospitality sector. The portfolio currently comprises hotels under the Icona’s Collection brand in the luxury segment, with the first properties being the Icona’s Costa Ragusa Resort 5L and the Grand Hotel et Des Palmes 5L. There are also upper-upscale 5-star resorts offering sophisticated and authentic experiences; a new 4-star brand dedicated to the family and leisure segment, which is accessible yet high-quality; as well as strategic partnerships with international brands such as the Autograph Collection from the Marriott International portfolio and the Curio Collection by Hilton, as part of a development strategy that envisages further significant collaborations. Partnerships with global players also help to expand the brand’s visibility in overseas markets and strengthen its positioning in the luxury and upper-upscale segments.