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🏛 Ekn Development, a Californian group, allocated €64 million for the restoration of the Grand Hotel San Pellegrino in Bergamo, Italy. Originally opened in 1904 and closed in 1979, the hotel was purchased in 2000 by the Province and later transferred to the Municipality. It's set to reopen in 2029 under a 99-year concession agreement with San Pellegrino Terme. The hotel will feature a spa, luxury shops, a restaurant, a bar under the dome with a library and terrace, 118 rooms, an infinity pool, a hot tub, bocce courts, outdoor seating & gardens. The hotel management will be entrusted to an experienced company.

🏖️ Hyatt, a hotel giant, may acquire Playa Hotels & Resorts, currently operating 24 resorts in Mexico, Jamaica, and the Dominican Republic. The potential acquisition emerged during the exclusive contract extension talks, with the current contract expiring on February 3 and extended only until February 10. Discussions are ongoing without a guaranteed closing.

📅 Jörg Eberhart, CEO of ITA, confirms the Alitalia brand holds high value and potential and will be relaunched without changing its livery. The focus is on ensuring company stability before reactivation. Alitalia's appeal remains strong, and ITA's new shareholder plans to leverage this as part of its strategic alliance with Lufthansa. The revival of Alitalia is tied to ITA achieving breakeven, which is expected within the year, with medium to long-term projections for brand reactivation.