Deal activity: September 17-23

ROME – Isrotel’s Aluma brand is planning a €30-million renovation project at the newly acquired 130-room Hotel Savoy Roma. It acquired the historic preservation property, which is situated on the renowned Via Vento Street, from an undisclosed seller for €523,077 per room.

Aluma, a brand Isrotel launched earlier this year with two hotels in Athens, is expected to unveil the revamped hotel under its brand during the third quarter of 2026.