Castello SGR confirms its leadership in the luxury hotel tourism sector by investing in a new real estate project in Courmayeur, the Hotel Majestic complex (out of use over 17 years), and starting an urban redevelopment project.
Castello SGR’s project consists of a five-star hotel called Le Massif with 87 rooms, and a residential complex called Le Petit Massif featuring 22 valuable housing units, 3 commercial units, and 3 floors of underground parking and garages. Now under construction, it will be completed in mid- 2019. Le Massif and Le Petit Massif are located just a few steps from the historic center of a charming alpine village, on the Strada Regionale in Courmayeur.
Le Petit Massif is an elegant and modern six-story building that has twenty-two units, all featuring large balconies overlooking Mont Blanc. An illuminated path for pedestrians leads from the housing units to Le Massif, the five-star hotel with a spa whose style and class add further prestige to the apartments. The underground parking spaces and garages serve both guests and residents. Giampiero Schiavo, CEO of Castello SGR states, “the real estate development we have carried out in Courmayeur not only represents a great opportunity for the capital that we manage, but also confirms our interest and investment in tourism, which is an element of growth and development in our country’s economy.
The investment of over 70 million euro will lead to the creation of 100 jobs, and the skills used for the project’s development are almost all local.”