Next Thursday, April 30 at 16:00 (UTC+2), we open investment in the Arianna project, a new real estate debt opportunity in Italy. This is Urbanitae’s third operation in the country and the second in the Forte dei Marmi area, one of the most established luxury coastal destinations in the Mediterranean.
- 📅 Investment opening: Thursday, April 30 at 16:00 (UTC+2)
- 🎙 Project webinar: Wednesday, April 29 at 12:00 (UTC+2)
In this webinar, we will explain all the details of the project and answer investors’ questions.
A beachfront hotel asset
The project involves granting a mezzanine loan to finance the acquisition and repositioning of the Hotel Arianna, a beachfront hotel asset located in Marina di Pietrasanta, on the southern edge of Forte dei Marmi.
The operation includes a full refurbishment of the hotel, which will feature:
- 42 rooms across five floors
- A rooftop SPA with panoramic terrace
- Restaurant and bar
- Fully renovated common areas
The project scope also includes two high-end residential villas: Villa Residencial and Villa Dependance, both with private gardens, swimming pools, and luxury finishes.
Forte dei Marmi and Versilia: established luxury on the Tuscan coast
The asset is located just a few minutes’ walk from the center of Forte dei Marmi, opposite the Versiliana Park and with direct access to some of the most exclusive beach clubs on the coast, such as Twiga, Augustus, and Principe Forte dei Marmi.
Versilia, on the Tuscan coast, combines natural surroundings, beaches, high-end services, and proximity to iconic destinations such as Forte dei Marmi and Viareggio. It is one of Italy’s most renowned luxury tourism markets and a location with strong demand from international buyers and guests.
This beachfront location gives the project a distinctive positioning within the premium hotel-residential segment.
A project with senior financing and committed capital
The sponsor commits approximately €3.01 million in equity, of which around €2.04 million has already been invested at the time of financial closing.
The project also benefits from a senior loan from Solution Bank of €7.5 million, of which €5 million has already been granted, while €2.5 million, allocated to CapEx (capital expenditure for construction, equipment, and improvements), is in the final stage of approval.
Total junior financing amounts to €8 million, of which:
- €3 million will be provided by Urbanitae investors
- €5 million will be provided by external investors
What is a mezzanine loan?
Urbanitae’s investment is structured as a fixed-rate mezzanine loan.
Mezzanine debt is an intermediate layer of financing between senior debt and equity: it ranks behind the main bank loan but ahead of shareholders’ equity. Due to this subordinated position, it typically offers higher returns than senior debt.
Key terms of the loan:
- Amount: up to €3,000,000
- Interest rate: 13.0% annual simple
- Total return: 26%
- Term: 24 months
- Possible extension: additional 12 months
- Minimum interest: equivalent to 9 months
- Interest and principal payment: at maturity
The portion of the loan allocated to refurbishment works will be drawn through monthly certifications, subject to approval by the project monitor.
Early full repayment is allowed at any time, with a minimum return equivalent to 9 months of interest.
Loan guarantees
The loan benefits from a security package tailored to its mezzanine structure:
- First-ranking pledge over 100% of the SPV shares
- First-ranking pledge over the SPV’s bank accounts
- Subordination of corporate and shareholder loans granted to the SPV
- Sponsor commitment to inject additional equity in case of construction cost overruns
Additionally, as in all debt projects, a project monitor will oversee construction certifications, progress, potential deviations in timeline or cost, and approve monthly drawdowns.
Exit strategy
The exit for Urbanitae investors is expected through refinancing of the loan in 2028, supported by two main drivers:
- The sale of the two residential villas
- The stabilization of the hotel under a lease agreement with EGA Hospitality
Why invest in the Arianna project
Key highlights of the project include:
- Urbanitae’s third operation in Italy and second in the Forte dei Marmi area
- Exclusive beachfront asset in one of the most sought-after Mediterranean locations
- 13.0% annual simple return, with a minimum return equivalent to 9 months of interest
- Experienced sponsor with over 20 projects and more than £1 billion in GDV
- Strong security package, including first-ranking pledges and sponsor commitment
- Mixed hotel-residential project, with exit supported by villa sales and hotel stabilization
Estimated timeline
The estimated project duration is 24 months, with an optional 12-month extension.
Key milestones:
- Q2 2026: loan disbursement for acquisition and refurbishment costs
- Q3 2026: start of construction following approval of volumetric expansion permit
- Q2 2028: sale of the two villas and first partial loan repayment
- 2028: hotel opening and refinancing of the mezzanine loan, with full repayment to Urbanitae investors
A new international deal in a prime market
The Arianna project strengthens Urbanitae’s international presence in Italy and expands the platform’s exposure to hotel-residential assets in prime Mediterranean locations.
The combination of a beachfront asset, a well-established destination such as Forte dei Marmi, an experienced international sponsor, and a fixed-return debt structure makes this a unique opportunity within Urbanitae’s project pipeline.
If you have any questions, you can raise them during the webinar on Wednesday, April 29. You can also contact us at contacto@urbanitae.com or by phone at (+34) 911 23 25 22.
Remember: the Arianna project opens for investment on Thursday, April 30 at 16:00 (UTC+2).
