Morri Rossetti has assisted Faberstone Capital in the new development phase of the Condo Hotel project called "Palma Mysuite", an initiative of Palma S.p.A., a special purpose company founded and headed by Mr. Marco Pennisi.
The Firm provided support for a new crowdfunding operation aimed at building a Condo Hotel in Castellero, redeveloping a 14th century castle located between Langhe and Monferrato areas (Piedmont - Nothern Italy).
Morri Rossetti - with a team coordinated by Ms. Roberta Incorvaia, lawyer, for the legal aspects, and by Mr. Fabrizio Pacchiarotti, lawyer, for the tax aspects - has assisted Palma S.p.A. in the structuring of the operation, in the definition of the investment agreements and in the various corporate phases aimed at the entry of investors - through the issue of equity instruments convertible into shares
In addition, the team is supporting the company in all aspects, legal and fiscal, related to the commercial development and operational management of all the different Palma Mysuite projects in the different locations of the country.
The Palma Mysuite project includes the opening in the second quarter of 2021 of the first Condo Hotel in Milan, in the World Join Center (WJC) skyscraper - in the historic Fiera Campionaria district. Next will be the Castello di Castellero, followed by a property on Lake Garda. There are already negotiations under way in various parts of Italy to create an extensive collection of Palma Mysuite.