(Alliance News) - Xenia Hotellerie Solution Spa has announced the acquisition of the hotel company Hotel Principe di Piemonte Cuneo.

The transaction will strengthen the Phi Hotels line of business. With Hotel Principe di Piemonte, which will take on the name Phi Hotel Principe di Piemonte as of April 1, 2024, the number of properties in Xenia's hotel company rises to 7.

Xenia Hotellerie Solution is down 1.5 percent to EUR2.60 per share.

By Maurizio Carta, Alliance News reporter

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