Palace Resorts has recently announced its full acquisition of Baglioni Hotels & Resorts, a leading luxury resort chain. In November of 2022, Palace Resorts acquired a 75% stake in Baglioni Hotels & Resorts, and has since secured full ownership, marking a significant moment in their expansion strategy.
Effective October 11th, there has been a change in leadership at Baglioni Hotels & Resorts. Guido Polito, who served as CEO for several years, will be stepping down. Palace Resorts expresses deep gratitude to Mr. Polito for his leadership, which helped establish the Baglioni brand as a symbol of luxury hospitality in Italy, England, and the Maldives.
As a result, Palace Resorts is pleased to introduce Massimo Baldo as the new VP for Europe.
“I would like to thank Guido Polito for his leadership and great work done over the past years by taking Baglioni Hotels and Resorts to the highest standards in luxury Italian hospitality. I also welcome Massimo Baldo, who has a deep understanding of the European Market and whom we are sure will deepen and expand the Palace Resorts footprint in the greater European Market by taking our Le Blanc Spa Resort brand across the world, as well as growing our Italian luxury brand, Baglioni.” – Gibran Chapur Executive Vice President of Palace Resorts.
Massimo is a highly experienced professional in the hospitality industry, with a career spanning over a decade. He began his journey with NH Hotel Group as the Corporate Internal Audit Director and later served as the Managing Director of NH Mexico and Cuba. In 2022, he was appointed as the Director of Regional Operations & Asset Management, covering North-East Italy.
Massimo holds a Bachelor’s Degree in Economics and Management with Honors and a Master’s Degree in Management and Consulting from the University of Trento. He also holds advanced certifications from Cornell University, further enhancing his knowledge and expertise.
“I believe that the ambition and strong personal and professional values of Palace Resorts will keep leading all of our brands to extraordinary results. Baglioni Hotels & Resorts is a highly recognised brand in Italy and Europe thanks to its high-quality standards of product and service, and I am eager to continue developing the brand and take it to new heights,” declared Massimo Baldo.
