Aluma Chain acquires Savoy Hotel in Rome for €68 million

The Savoy Hotel is housed in a historic building intended for preservation, on Via Vento Street, one of the main and famous streets in the city. The hotel has 130 guest rooms, dining areas, commerce and a bar on the roof with a panoramic view. Prior to its opening, the company is expected to carry out significant renovation and upgrade works in the hotel to the extent of an additional €30 million. According to the plan, the renovated hotel is expected to open during the third quarter of 2026 and will be operated under the Aluma brand.

At the same time, these days the company is promoting the construction of another ultra-luxury suite hotel located on Via de la Scrope in the center of the historic district in Rome. The hotel has 36 spacious suites with balconies facing the main street, commercial areas, a presidential suite, a patisserie cafe and a chef's restaurant.

The ALUMA chain was officially launched in March 2024, with the announcement of the opening of four hotels in Greece, three in Athens and another hotel in Thessaloniki. Today two of the hotels in Athens (SKYLARK Hotel and ANISE Hotel) have opened and are fully operational and the third hotel in Athens (ADIA Hotel) will open in the first quarter of 2025.

Lior Raviv, manager of the Isrotel chain: "The strategy of the ALUMA chain is based on opening hotels in the most touristic cities in Europe. As a first step abroad, the company chose Athens and Rome as two central destinations for entrepreneurship and development of hotel properties. Athens, because of the rich cuisine, the variety in the potential product mix, as well as the significant development that has taken place in recent years and its proximity to Israel and Rome, which is considered one of the three leading tourist destinations in Europe, with over ten million tourists who visit it every year, the rich history, the prestige and the endless tourist sites and attractions scattered in the city .

The network benefits from the many years of experience and uncompromising standards of the Isrotel network. As a sister company of Isrotel, ALUMA is driven by our approach to hospitality as a way of life, with global standards of perfection and excellence. We intend to promote the company and the ALUMA brand as a chain that will provide an answer to the entire tourist market in the world, as well as to the Israeli tourist with a wide range of hotels where its guests will enjoy quality and unique hospitality experiences."