“Not having that hotel would be a missed opportunity for Turin.” The architect Attilio Giaquinto, who signed the project for a, is convinced of this Radisson Red announced 5 years ago in via Milano and now he fears seeing it fade away. «The property of the former Prosecutor’s Office was owned by Finint, Finanziaria Internazionale, in particular by Cattolica Assicurazioni bought last year by Generali which, however, was not interested in the investment in a hotel in Turin, so much so that it decided to sell the property », reconstructs the architect who is moving to find an investor interested in maintaining the 4 star hotel project.
«Generali has yet to decide which real estate agency to entrust the sale to, but it is known that it will go on the market by December. At that point two types of investors can be approached: either the classic real estate investor who splits up to create accommodation, or a longer-term investor who buys it and makes it profitable, considering that Radisson remains interested in opening a hotel in that position in Turin.” According to the architect, «the investment could yield 7–8% for those who intend to keep the property by renting it to Radisson». I study G*AA Giaquinto Architetti Associati he has ready the project with which he won the international competition and finished the assignment with the delivery of the executive project for the hotel.
«We would also already have a project ready for the residential hypothesis, but it would be a loss because at this moment an international 4 star hotel does not exist in the city – insists the architect -. So I’m trying to find an investor who decides to keep the income property.” The deal could be interesting because “the initial agreement envisaged a direct rental contract on the part of Radisson, with significant amounts, a significant contract”.
The hotel project, overlooking Piazzetta IV Marzo, would have condensed the different souls of Turin, a “historic, post-industrial and contemporary art city” and favored “a mix of experiences”. A bar restaurant was planned on the ground floor with a large fireplace visible from the outside, as an extension of the square in the nightlife area, as well as meeting rooms in the basement. The former Prosecutor’s Office could still become “a unique hotel, a place of international scope and at the same time rooted in the territory”, if only the investor could be found.
