CPP investments, Hamilton JV makes first purchase in Rome

Canada Pension Plan Investment Board and Hamilton – Pyramid Europe, through their joint venture, has completed the acquisition of its first asset —  the W Rome, Italy.

The asset, which is Italy’s first W Hotel and comprises 162 luxury hotel rooms, reopened in April 2022 after a full redevelopment. It is located in the Ludovisi District in central Rome. Amenities include a rooftop bar, restaurant and lounge area; several food and beverage outlets; a gym and meeting spaces.

“Rome has historically been a top destination globally for both leisure and business travel, and we believe this will continue to be the case for decades to come,” said Andrea Orlandi, managing director, head of real estate Europe at CPP Investments. “The acquisition of the W Rome positions our joint venture with Hamilton – Pyramid Europe well to capitalize on the continued strength of Rome as a travel destination.”

The joint venture, established earlier this year, is focused o