FMTG enters 2026 with a clear strategic focus and the continuation of the successful Falkensteiner brand development.
Falkensteiner Michaeler Tourism Group (FMTG) has acquired Falkensteiner Resort Capo Boi on Sardinia’s southern coast. After serving as the operator for around ten years, the company has now also secured ownership of the property, further advancing its strategy of retaining key real estate assets in tourism-attractive locations within its own portfolio. Extensive investments are planned in the coming years to develop the property into a leading five-star resort and support year-round tourism in the Cagliari area and the south of the island.
A resort with history – built by an entrepreneurial family
Falkensteiner Resort Capo Boi has a long history. Over the decades, the Mazzella family developed the complex in a private bay on Sardinia’s southeastern coast, within the Capo Carbonara marine protected area, into an established premium resort. The location has long enjoyed a special reputation: the southern coast of Sardinia attracted distinguished guests even in earlier years – among them former German chancellor Willy Brandt, who spent holidays here.
„After ten years of successful cooperation, it gives me particular pleasure to permanently place the resort in the hands of an experienced and reliable partner“, said Giorgio Mazzella, the resort’s former owner. „FMTG knows the property and its potential extremely well, and I am convinced that the resort will continue to develop successfully as part of the group.“
From leasehold to ownership – a consistent strategic step
FMTG took over Falkensteiner Resort Capo Boi as a leaseholder ten years ago. Since then, the resort has been continuously developed in the premium segment and has built a growing international base of repeat guests. With the acquisition of the property, the company is now uniting operations and ownership for the first time – a prerequisite for long-term investment and the location’s further development.
„With the acquisition of Falkensteiner Resort Capo Boi, we are taking an important step in our strategy to own key properties in top European destinations“, said Otmar Michaeler, CEO of FMTG. „We believe in Sardinia. We have known this location for ten years and are convinced that, together with our teams, we can take it to the next level.“
„Sardinia ranks among the most attractive destinations in the Mediterranean, and the south of the island in particular still offers major tourism development potential“, added Erich Falkensteiner, Chairman of the Supervisory Board of FMTG. „The fact that we can take this step today is above all the result of the dedicated and successful work of the entire FMTG team over the past ten years.“
Ambitious development plans: entering the five-star league and becoming a year-round destination
FMTG plans to significantly upgrade Falkensteiner Resort Capo Boi in the coming years and position it, through targeted investment, as a leading five-star resort in Sardinia. At the same time, year-round operations are planned, with specific modernization and expansion plans currently in preparation.
In the long term, the resort is planned to join The Leading Hotels of the World collection, which already includes three Falkensteiner properties – Falkensteiner Hotel Kronplatz, Falkensteiner Family Hotel Montafon and Falkensteiner Schlosshotel Velden. The resort is also expected to act as a driver of development and, together with local partners, further strengthen the position of southern Sardinia and the Cagliari region as a year-round tourism destination.
FMTG strategy: operator and owner in one
This transaction is an example of FMTG’s strategy of combining operational growth with the targeted acquisition of ownership of key properties in high-quality destinations, securing long-term value for both the company and the local community. The financing was largely provided by Monte dei Paschi di Siena (MPS). Financial advisory and transaction structuring were led by Fabio Cassi and Matteo Pattavina of Equita, while legal and tax support was provided by DLA Piper, Macciotta & Associati and Hager & Partners.
„This transaction is an important milestone in our growth strategy in Italy and confirms our ability to successfully deliver complex projects. Italy is and remains a key market for FMTG“, said René Mutschlechner, Managing Director Finance Italy at FMTG.
