Bain Capital and Omnam sell The Lake Como for more than €230M

The buyer is Sansiri Capital, the investment arm of Thai real estate developer Sansiri, which is expanding its presence in the European hotel market.

Although neither seller disclosed the financial details of the transaction, reports indicate that the sale price exceeds €230 million, equivalent to approximately €1.55 million per room.

The transaction comes just six months after the hotel commenced operations in March 2026.

From 285 Rooms to 148 Luxury Suites and Guest Rooms

Bain Capital and Omnam Group acquired the historic Hotel Britannia Excelsior in October 2021 through an investment vehicle managed by Kryalos SGR. The 19th-century property is located in Cadenabbia, on the shores of Lake Como, opposite Bellagio and approximately one hour from Milan and Malpensa International Airport.

Redevelopment began in April 2022 and involved a comprehensive redesign of the hotel, with the aim of repositioning it from a mass-market hospitality offering to the ultra-luxury accommodation segment. The most significant change was the reduction in capacity from 285 to 148 guest rooms and suites, accompanied by an increase in room sizes and an upgrade of services.

The hotel has a total area of approximately 18,827 sq m, with architecture and interior design by Neri&Hu and De.Tales. Its facilities include restaurants, wellness areas, spa facilities, lakeside leisure amenities and a floating swimming pool.

The property operates under Marriott International’s EDITION brand, while its culinary offering is associated with Michelin-starred chef Mauro Colagreco.

Bain Capital’s European Hotel Portfolio

The sale forms part of Bain Capital’s strategy of acquiring and upgrading hotel properties across Europe, with the aim of generating value and subsequently selling the assets. The US investment firm has undertaken similar transactions in markets including Italy, Spain, France and Greece.

In early 2026, Bain Capital completed the sale of Cora Resort & Spa in Halkidiki to hotel group Fattal, following a €24 million redevelopment and upgrade programme.

The hotel now operates as Meravia Hotel by Leonardo Limited Edition.

Sansiri Expands into Europe’s Luxury Hospitality Market
For Sansiri Capital, the acquisition marks a further expansion into high-value European tourism destinations. Its parent company, Sansiri Public Company Limited, is one of Thailand’s leading residential property developers, with a history spanning more than 40 years and a portfolio of more than 500 completed projects covering a total area of over 5 million sq m.

The company’s strategy is increasingly focused on diversifying its investments through high-value hotel properties capable of generating recurring operating income. Napat Thavisin, Sansiri’s Head of International Business and Chief Executive Officer of Sansiri Capital, described the acquisition as a significant step in the group’s international expansion strategy.

The company is seeking investment opportunities in major international cities and established tourism destinations, where strong demand coincides with a limited supply of new luxury hotels.