CDP Real Asset SGR Acquires J44 Lifestyle Hotel in Sale-and-Leaseback Transaction with the Rizzante Group

CDP Real Asset SGR Acquires J44 Lifestyle Hotel in Sale-and-Leaseback Transaction with the Rizzante Group

A showcase of Italian style, with strong growth prospects and perfectly aligned with the latest trends in the hospitality industry focused on sustainability, functionality and flexibility. The J44 Lifestyle Hotel, located in the heart of Jesolo just a few kilometres from Venice, is the urban hotel inaugurated by the Rizzante Group at the end of 2020 and acquired in June 2026 by the National Tourism Fund – Segment A, managed by CDP Real Asset SGR.

Featuring 77 rooms, a spa, rooftop swimming pools and an innovative food and beverage offering, the hotel has been awarded a five-star rating and provides high-quality services throughout the year. By doing so, it helps reduce the seasonality of tourism flows while broadening the destination's appeal through cultural, leisure and wellness experiences.

CDP Real Asset SGR completed a sale-and-leaseback transaction - under which it acquired the property and simultaneously leased it back to its previous owner and operator - for a total investment of €17 million. The transaction enables the Rizzante Group to retain management of the hotel, preserving its market positioning, identity and operational continuity.

Giuseppe Coco, Head of Investments of the National Tourism Fund at CDP Real Asset SGR, said: "The acquisition of the J44 Lifestyle Hotel is a tangible example of the strategy pursued by the National Tourism Fund: supporting the growth of Italy's leading hotel operators through real estate finance solutions that unlock capital to support business expansion while ensuring management continuity and enhancing entrepreneurial expertise. Through this transaction, we are also helping to protect and enhance Italy's hospitality assets, promoting a sustainable development model and strengthening the competitiveness of the Italian tourism industry one of the world's foremost ambassadors of Made in Italy."