Sector: Tourism and hospitality
TH Resorts, based in Padua, is one of the leading Italian group in the hotel management industry, with a proven and successful business model. The group manages 19 properties, both resorts and hotels (8 of which in Southern Italy), with c. 3,500 rooms and 9,500 beds. The properties, all 3 and 4 stars, are located in the main sea, ski and culture destinations. In 2016, TH Resorts hosted 700,000 customers, employing 5,000 people both directly and indirectly.
CDP Equity investment and objective
Tourism is a strategic sector for the Italian economy, with high potential in terms of tourists attraction and new employment.
CDP Equity’s investment, entirely via capital increase, is aimed at supporting the expansion of TH Resorts and allowing the group to reach a leadership position in its sector. Thanks to CDP Equity resources, TH Resorts will be able to double its size with 10 new structures in the next 5 years. Such expansion will have a relevant impact in terms of employment, with 3,500 new direct and indirect employees.