“Our customers come here to see the city and its monuments. We’re situated at walking distance from all the major sites in Rome, so it doesn’t get more historic than this,” says Stefano Settimi, manager of Argentina Residenza.
With four separate facilities located across the eternal city, including Argentina Style Hotel, Argentina Residenza is active in the hotel business, offering a great solution for those seeking comfort and refinement right in the centre of Rome.
Argentina Style Hotel used to be a convent, located next to Largo di Torre Argentina, where Julius Caesar is thought to have been killed. But beyond its spectacular location, the hotel also boasts 15th century wall paintings adorning the common areas and bedrooms. Stefano is acutely aware of the value of preserving these historic aspects of the buildings. “We recently did a big renovation, and brought in decorators to restore the wall-paintings. We want to offer our clients a rich cultural experience inside the hotel as well.”
In the context of this recent renovation, Argentina Style Hotel made significant improvements to the facilities and expanded a new wing. In order to make these modifications possible, Stefano secured an EU-guaranteed loan through Banca del Mezzogiorno MedioCredito Centrale, backed by EIF under the Investment Plan for Europe.
This financing was used to open a new multi-purpose room that can be used as a breakfast room, a coffee-break lounge equipped with multimedia technology, or a bar in the evening. In addition, three new suites with circular whirlpool tubs were added. “Before, we just had a small dining space in the reception area. The situation is much better now. Our clients really enjoy the new space – especially the whirlpools,” Stefano says. The renovations also signified the expansion of the team with five new employees joining.
Without the funding, expanding the facilities would have had to be postponed for a significant period of time, but with this project completed and business booming, Stefano is now pressing ahead with new plans to add twelve more rooms in 2018.
Company: Argentina Residenza (Italy)
Financial Intermediary: Banca del Mezzogiorno MedioCredito Centrale
Type of business: hospitality
EIF financing: COSME LGF, EFSI
For further information about EIF intermediaries in Italy please refer to: http://www.eif.org/what_we_do/where/it
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