Smeralda Holding, a company wholly owned by Qatar Investment Authority (QIA), has partnered with LVMH Hospitality Excellence to manage two of the most prestigious and sought-after hotels in Costa Smeralda.
This move is part of the Smeralda Holding Group’s long-term strategy to elevate Costa Smeralda as a world-class destination, aligning with the unique character and heritage of the area.
LVMH Hospitality Excellence is a subsidiary of LVMH Moët Hennessy – Louis Vuitton, one of the world’s leading luxury groups.
The company has enlisted its two iconic brands, Belmond and Cheval Blanc, to manage the hotels.
The Hotel Romazzino will be managed by Belmond and will be rebranded as “Romazzino, A Belmond Hotel, Costa Smeralda,” and will be open for the 2024 season. The Hotel Pitrizza will be managed by Cheval Blanc and will be renamed Cheval Blanc Pitrizza, Costa Smeralda, after the completion of its renovation works in 2026.
Enhancing The Local Community
This partnership is set to bring more value to the local community, with increased employment and development opportunities for the staff.
All employees will remain employed by Sardegna Resorts S.r.l., which will retain ownership of the hotels’ property and businesses.
LVMH intends to leverage the expertise and know-how of Belmond and Cheval Blanc to further solidify its position as a leading experiential luxury brand.
The two hotels, with their spectacular views and rich heritage, are expected to offer unparalleled experiences to their guests.
DESIGNED BY RENOWNED ARCHITECTS
Both hotels, designed by the architects Luigi Vietti and Michele Busiri Vici in the 1960s, boast breathtaking views of the pristine Mediterranean waters and celebrate the heritage of the region.
The architects also contributed to the development of Porto Cervo, a popular tourist destination in Sardegna.
CONCLUSION
Smeralda Holding’s partnership with LVMH Hospitality Excellence is set to enhance the reputation of Costa Smeralda as a world-class destination.
Belmond and Cheval Blanc, with their rich experience in managing luxury hotels, are expected to bring exceptional value to the hotels and the community.
The hotels’ strategic locations, coupled with the unique heritage of the region, will offer guests an unforgettable experience.