PETRA AM ACQUIRES CITIZENM ROME FOR ADIA

French asset manager Petra AM, on behalf of sovereign wealth fund Abu Dhabi Investment Authority (ADIA), has acquired the four-star, 162-room citizenM Roma Isola Tiberina in Italy, for an amount reported to be between €70 million and €80 million (€432,000 to €494,000 per room). The property is situated by the River Tiber in central Rome, on the edge of the historic Trastevere district. The hotel includes a restaurant, bar and meeting room. Another Star, the original developer of the citizenM brand before selling to Marriott in mid 2025, will continue operating the hotel under a citizenM franchise.