European private equity firm Limestone Capital has acquired Camp Zero Resort, an eco-friendly luxury destination in the Italian Alps. Limestone made the announcement on Monday.
In an article posted on Limestone’s website, Benjamin Habbel, the company’s managing partner and co-founder, said: “Discounted valuations collide now with a strong recovery in luxury hospitality,” adding the company is seeing untapped potential in Italy’s hotel real estate market.
Limestone Capital believes that a combination of undervalued hospitality real estate and a more active owner/operator approach helps the company revamp assets into successful lifestyle hotels, restaurants, and clubs.
“We are very optimistic about the future and believe that the explosive demand for differentiated and authentic travel experiences will drive strong & sustainable growth in luxury hospitality real estate,” Habbel also noted in a LinkedIn post.
The company’s third acquisition in Italy, Camp Zero Resort, is located in a popular skiing, mountaineering, and hiking area called “Champoluc.”
What sets the property apart from usual outdoor hospitality developments is that it features notable architecture and design without disrupting the natural scenery. Each of the 30 suites blends into the local scenery thanks to the floor-to-ceiling windows and veranda that help guests experience amazing mountain views.
The structures are built over two floors connected by an internal staircase.
The luxury outdoor resort has its own helipad, an indoor and outdoor spa, treatment facilities, a two-level indoor climbing wall, outdoor ice climbing, as well as a huge swimming pool. Other on-site offerings are Tesla charging stations and an underground parking garage.
Limestone plans to expand the property and continue to expand its unique active luxury offering.
Beginning December, Camp Zero will welcome winter vacationers as Aethos Monterosa.
Featured image courtesy of Limestone Capital.