€2.2 Million Per Key. Fort Partners Is Betting Rome Is Worth Every Euro.
A €280 million green financing deal for a 127-room Four Seasons in a historic Roman palazzo prices out at roughly €2.2 million per key, making it one of the most aggressive luxury hotel bets in Europe this cycle. The cap rate implied by that basis tells you exactly what the buyer believes about ultra-luxury rate growth in Rome... and what happens if they're wrong.