LAKE COMO EDITION acquired by SANSIRI CAPITAL
Context
Bain Capital and Omnam Group sold the Lake Como EDITION to Sansiri Capital, the international investment arm of the Thai developer Sansiri, in a transaction announced on 9 September 2026 and expected to complete within weeks, subject to customary conditions and third-party approvals. The two sellers had bought the property with vacant possession in late 2021 and begun its redevelopment in April 2022. They cut the former hotel’s capacity from nearly 300 rooms to 148 larger rooms and suites, built a separate spa and wellness block and reworked the restaurants and leisure facilities. The hotel reopened on 10 March 2026 under Marriott International’s EDITION brand, six months before the sale. The investment rested on the scarcity of five-star accommodation around Lake Como, where the shoreline leaves little room for new development and planning constraints are tight. For Sansiri Capital, the purchase was its first luxury hotel in Europe. Eastdil Secured advised Bain Capital and Omnam Group on the sale.
LAKE COMO EDITION, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only], to compare with the average currently observed in the Retail & Consumer sector (11.8x).
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Target
Lake Como EDITION is a five-star hotel in Cadenabbia, on the western shore of Lake Como, facing Bellagio. Housed in a nineteenth-century palazzo, it offers rooms and suites alongside a private villa, a separate spa and wellness building, several restaurants and bars, meeting spaces and waterfront facilities including indoor and outdoor pools. It is operated under Marriott International’s EDITION brand and serves international leisure and business guests, around an hour from Milan and its main airport.
Ent. Value
€1–100M
Equity Value
[members only]
Multiples
EV / Revenue
[members only]
EV / EBITDA
[members only]
EV / EBIT
[members only]
Historical Financials (EUR)
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REFERENCES
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: lake como edition
Acquirer: sansiri capital