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Mexico's Palace Resorts Aquires Majority Stake in Baglioni Hotels & Resorts

November 14, 2022

Baglioni Hotels & Resorts, the leading Italian hotel company with presence in Rome, Florence, Milan, Venice, Sardinia, Apulia, London and Maldives, announced a strategic financial partnership with the Mexican company Palace Resorts. This structured initiative includes Palace Resorts becoming the majorirty shareholer of Cogeta Spa – holding company of Baglioni Hotels & Resorts – acquiring 75% of the company.

Guido Polito will remain CEO of the Italian group to give continuity to the great work done so far by leading the expansion of the companies brands through Europe, Asia and the Middle East.

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