12.18. Investment Management expands portfolio to Sardinia
12.18. Investment Management expands its portfolio with another hotel project in a prime location: On 1 October, the Duesseldorf-based project developer took over the Park Hotel Baja Sardinia from the Milanese owner. The parties have agreed not to disclose the purchase price of the resort on the Costa Smeralda, built in 1962. 12.18 is investing a mid double-digit million amount in the revitalization of the former Park Hotel Baja and will subsequently operate this as the second property under the "7Pines" brand as a five-star resort.
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