Hines, the global real estate firm, and Accor, a world leader in the hospitality sector, announce plans for a hotel at MilanoSesto via an agreement with the “Unione 0” real estate fund.
The “Unione 0” real estate fund, managed by Prelios SGR and ultimately invested in by Hines and Cale Street, has entered into a binding agreement with Accor for a hotel to be developed on the Unione 0 private lot at MilanoSesto, on a 25-year lease, via the hotel group’s partner, Amapa. Hines is also a strategic advisor and development manager of the entire MilanoSesto 13-year project. Prelios, meanwhile, acts as manager of the “Unione 0” real estate fund and asset and project manager of the overall initiative.
The hotel will have 301 rooms that will operate under two Accor Group brands: 204 rooms will be managed by Novotel and offer facilities like short-stay, rental accommodations, while a total of 97 serviced apartments will be managed by Adagio and used as medium-long stay accommodation. The hotel will span 19 floors covering approximately 16,000sq m and will maintain the highest environmental, sustainability and energy efficiency standards, with the aim of achieving LEED Gold certification.
