In view of the possible listing on the Stock Exchange scheduled for the end of 2014 or the beginning of 2015, the real estate developer Giuseppe Statuto has started the reorganization of his holding companies.
The first step took place in recent weeks with the partial and proportional demerger of Statuto Lux Holding Re, the company that is upstream of the chain of control of the Campania entrepreneur's hotel empire. The operation led to the birth of Slh Hotels srl, which owns the hotels of the group and the related management companies.
The redefinition of the process, however, has not yet been defined and the final objective is to identify two companies: in the first, the hotel management activities will end and will continue to be headed by Giuseppe Statuto; the second, however, will merge the properties and, in particular, five prestigious hotels including the Danieli in Venice and the Four Seasons hotels in Milan, the Mandarin Oriental Hotel, the W Hotel and, probably, another hotel in Rome.
It will be this second company to go public for a value which, according to rumours, is around one and a half billion.
