The Hotel Principe di Savoia is one of Europe's most prestigious hotels with an international reputation for the quality and excellence of its service and facilities. Located in Milan's business center, the 404 room hotel has consistently been placed among the world's best hotels by magazines such as Travel + Leisure and Conde Nast Traveller. Announcing the acquisition today, Ricci Obertelli, Director of Operations for the Dorchester Group said, "The Hotel Principe di Savoia is, strategically, a fantastic acquisition for the Group. Milan is a gateway city that has long been high on the Dorchester Group's list of priorities and, when a property as outstanding as this comes on the market, you do not hesitate. It meets our requirements in

Hotel Principe di Savoia  Piazza Della Repubblica  17 - 20124 Milano, Italy

It has a sense of tradition and history and is architecturally of interest.  We have no doubt that the Dorchester Group's loyal following of guests will appreciate what is, in all aspects, a perfect addition to our small collection of luxury hotels."

"We are delighted that Paolo Guarneri will continue in his position. He has been General Manager for the past 11 years and is a general manager with an excellent reputation internationally."

Located on Milan's Piazza Della Republicca, the five star deluxe Hotel Principe Di Savoia was meticulously restored to the highest standards just over ten years ago. The hotel was opened in 1927. The 404 spacious guest rooms and suites are furnished in an elegant 19th century Lombard style and equipped with the latest communications technology. The world-renowned Presidential Suite offers 5,274 square feet of pure luxury, with its own private pool. Food and Beverage facilities are extensive, with four restaurants, including the Michelin-starred Altro-Luogo Aimo E Nadia Restaurant. The hotel also boasts an extensive Spa with swimming pool. There are 17 private meeting and banqueting rooms.

The Dorchester Group was established in 1996 as an independent UK registered company to manage an evolving international collection of luxury hotels. The Dorchester Group is wholly owned by The Brunei Investment Agency, which is the strategic investment arm of the Ministry of Finance of the Government of Brunei and is charged with managing Brunei Government assets overseas.

The Dorchester Group's mission is to manage and, where appropriate, own an impeccable portfolio of the finest "grand" hotels in Europe and the United States, with a commitment to preserving and maintaining the highest possible standards of service and excellence. Its intention is to bring together, over a period of time, a select number of the world's premier hotels, cultivating their reputations for individual character, friendly and caring staff, beautiful and comfortable accommodation with the highest quality food and service in superb locations.

The Dorchester Group collection of hotels consists of The Dorchester in London, The Beverly Hills Hotel in Los Angeles, the Hotel Meurice in Paris, the Hotel Principe di Savoia in Milan, all of which are owned and managed by the Group, and the Hotel Plaza Athenee in Paris, which is under a management contract to the Group.