Belli, who joins as a Partner, brings extensive experience in the hospitality industry in Italy, combined with a background in the real estate financial sector. He was previously Head of Hotel Investments at CDP Investimenti SGR, for whom he managed investments for a portfolio of hotels with over 2,000 rooms.
At Cushman & Wakefield, Belli will lead a team in Italy, with a strong track record of transactions, leasing, valuations and advisory, including the recent sale of the Hotel Majestic in Rome. The team, which forms part of Cushman & Wakefield’s broader EMEA Hospitality platform, will provide a full suite of services to investors, developers and operators of hotels, hostels, and extended stay accommodation.
Prior to CDP, Belli spent more than 15 years at some of Italy’s leading companies and real estate funds. He was Head of Acquisitions - Hospitality at Pirelli Real Estate, then held senior roles at Fabrica SGR, where he was Head of Investments, transacting over €1.5bn in investments. He was also Member of Castello SGR’s Board of Directors. This appointment marks a return to Cushman & Wakefield, where he was previously a Senior Consultant in its Italian Capital Markets team prior to joining Pirelli.
Joachim Sandberg, Head of Cushman & Wakefield Italy, said: “We are tremendously excited that Alessandro is rejoining us to support our continued growth in Italy. His vast experience in transactions and specifically in the hospitality sector, will enable us to significantly boost our hospitality services in Italy, bringing real capital markets, buy-side advice and strategic advisory experience, to go alongside our established valuation, development and operator selection offering. His appointment will reinforce our leading position in the market."
Jon Hubbard, Head of Hospitality EMEA for Cushman & Wakefield, added: “The Italian market has always been one of the most important globally for visitors and, in recent years, has understandably become a focus for an increasing number of international investors, with market liquidity for hotels increasing strongly. We expect liquidity to continue to increase in the medium term, underpinned by strong market appeal and demand demographics, and Alessandro’s appointment will strengthen our offer for both domestic and cross-border investors in one of the key European markets.”