QIA signs agreements with LVMH Hospitality Excellence to manage two Italian resorts

Sardegna Resorts S.r.l., a Smeralda Holding Company wholly owned by Qatar Investment Authority (QIA), has signed agreements with LVMH Hospitality Excellence to manage two of the most renowned and exclusive hotels in Costa Smeralda, a stretch of land along the northeast coast of Sardinia, Italy.

LVMH Hospitality Excellence belongs to the world’s leading luxury group, LVMH Moët Hennessy -Louis Vuitton.

The LVMH brand Belmond will manage the Hotel Romazzino, which will open for the 2024 season as the Romazzino, A Belmond Hotel, Costa Smeralda.

The Hotel Pitrizza will be managed by the LVMH brand Cheval Blanc. The hotel will continue to operate under its current name until 2026, when it will be rebranded as Cheval Blanc Pitrizza, Costa Smeralda, following the completion of the renovation works.

These changes are part of the Smeralda Holding Group’s long-term strategy to enhance and enrich Costa Smeralda as a best-in-class destination. This plan was launc