25hours Hotel Piazza San Paolino
The 25hours Hotel is located in the heart of the Florentine city close to the central train station behind the Museo del Novecento.
The architectural complex comprises a 10,750m² block in the Santa Maria Novella district, situated in the former premises of Monte de ‘Pegni, an 18th-century bank and former monastery next to the San Paolino church. A modern, cosmopolitan location has been created through demolition, restoration and construction, giving a total of 170 rooms and one private apartment with private garden and pool.
The hotel’s design, by Paola Navone, was inspired by Dante’s poem, The Divine Comedy. Subtle references to the poem appear throughout the development, with scenes from paradise and hell referenced throughout. The centrepiece of the hotel is the historical palazzo, sited next to the Restaurant San Paolino, situated under a huge glass dome.
Currie & Brown was appointed by Art-Invest Real Estate and Invesco as independent expert advisor throughout construction, liaising with representatives to inspect the site regularly and review documents.
Invesco is an independent investment management firm dedicated to delivering an investment experience that helps people get more out of life. Invesco currently manages US$1.2 trillion in assets on behalf of clients worldwide.
About Invesco Real Estate
Invesco Real Estate is a global leader in the real estate investment management business with US$80.3 billion in real estate assets under management (AuM), 519 employees and 21 regional offices across the US, Europe and Asia. The firm was established in 1983 and has been actively investing in core, value-add and opportunistic real estate strategies since 1992. In Europe, IRE has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, and around 163 employees. It manages 159 assets across 13 European countries and with AuM of US$12.6 billion.
About Art-Invest Real Estate
Art-Invest Real Estate is an experienced investor, developer and asset manager operating across key gateway cities in Germany, Austria, Italy and the United Kingdom. Established in 2010 and headquartered in Cologne, the business operates as a private partnership with the Zech Group and the managing partners as shareholders. The group invests and manages on behalf of its proprietary capital, regulated institutional funds and select joint venture partners pursuing a ‘manage to core’ investment strategy across the risk spectrum principally in the office, retail, hotel, residential and data centre sectors. The group has currently more than €6 billion AuM with more than €2 billion invested equity for a range of institutional investors as long-term partners.