Garnet Hospitality Partners is a management and development advisory firm with distinguished hospitality expertise on the Italian market

Garnet HP is committed to drive the creation of successful hotel ventures on behalf of its partner investors by driving a coherent and effective strategy behind every investment project

Full Investment Cycle Advisory

Development & Acquisition

Sourcing of investment opportunities with primary focus on the main Italian urban markets and resort destinations

Management and Value Creation

Direct hotel management and/or hands-on asset management aimed at maximising operational value

Investment Exit Strategy

Exit strategy definition, structuring and execution

- Corporate Mission -

Provide first-class hospitality advisory to selected capital partners by aligning its interests to the investor and establishing partnerships that last throughout the entire investment cycle.

A repositioning strategy needs to be defined and implemented across the entire investment cycle. Our management approach is hands-on and we do that very well”.


Belstay Hotels – Platform Repositioning

Led and facilitated the acquisition of a 779-key portfolio of 4 Holiday Inn Hotels located across Rome, Venice and Milan by an institutional investor. The acquisition was completed in Q3 2020 and involved the real estate properties and related businesses. All hotels reopened in Q2 2022 under the Belstay brand following a major renovation.

The repositioning entailed the creation of two proprietary brands and the reorganization of the operating company through the inclusion of high-profile managers, the implementation of new systems and SOPs. The aim is to create a new Italian chain of full-service hotels with a modern design, a strong identity and an attractive F&B offer, with strong growth potential across the country.

Garnet acts as operating partner of the investor and asset management company leading the repositioning in every aspect of the business and supporting and overseeing operations.

Hotel Es Rome – Property Repositioning

Originated and facilitated the acquisition of a 235-key 5-star hotel located in central Rome, formerly Radisson Blu Es, by an institutional investor and is currently managing the repositioning, including:

  • Definition of the product strategy and positioning;
  • Affiliation to a leading hotel brand under a franchise agreement;
  • Selection of technical partners, studios and consultants required to execute the full-renovation of the hotel;
  • Definition and review of the capex plan and coordination and supervision of its implementation;
  • Creation of the operating structure and build-up of a management team dedicated to the hotel operations;
  • Project start-up in line with brand standards;
  • Operational asset management and implementation of the commercial and operational strategy aimed at maximizing the financial return for the investor.


Pierpaolo Bernardi

Pierpaolo Bernardi

Strategy and Institutional Relations

Tommaso Valle

Tommaso Valle

Investment and Asset Management

Alessio Franzese

Alessio Franzese

Investment Analysis and Development

Vincenzo Perrone

Vincenzo Perrone

Head of Operations - COO of Belstay Hotels

Elena Scarpetti

Elena Scarpetti

Finance, Accounting and Controlling