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Atmosphere Core Unveils Its First European Heritage Hotel in Piedmont, Italy

Heritage Hotel by Atmosphere Core opens in Italy

Atmosphere Core, the well-established leader in hospitality across South Asia, has expanded into the European market. The company recently opened Borgo Monchiero Heritage by Atmosphere in Piedmont, Italy. This marks the company’s first venture into Europe and adds a historical gem to its Heritage by Atmosphere collection. The heritage hotel sits in a beautifully restored monastery, built in 1773, and retains its original Romanesque architecture and sacred frescoes. Located in one of Italy’s most culturally rich regions, the hotel offers an authentic experience steeped in northern Italy’s art, history, and cuisine.

Salil Panigrahi, Group Managing Director of Atmosphere Core, expressed excitement about this new European chapter.

“As we continue to grow and cultivate relationships with global partners for expansion, in the last year we have made associations with a number of European businesses.  In Italy specifically, we have the leading Bottega S.p.A. joining our unique Wine Program. These significant partnerships brought Italy to Atmosphere Core and vice versa, we now look forward to the launch of our first destination in Europe in 2026”.

A Historic and Luxurious Destination

Borgo Monchiero sits within a UNESCO World Heritage-listed area. It lies amid vineyards that produce celebrated wines such as Barolo and Barbera. The three-story hillside monastery features 19 luxurious suites and rooms. Each suite has been carefully restored to preserve the building’s original charm. The on-site chapel also offers a beautiful space for intimate weddings and ceremonies, making it the perfect setting for couples seeking a unique destination for their special day.

The former refectory, once a dining hall for resident monks, now transforms into a culinary destination. Guests will indulge in exquisite regional dishes at the main restaurant. Additionally, the heritage hotel offers a chapter hall for private gatherings, a lounge bar for relaxation, and a garden terrace with sweeping views of the surrounding hills and vineyards. Moreover, a dedicated spa area includes a sauna, infrared therapy, and a restored stone reservoir turned private jacuzzi. For outdoor enthusiasts, the landscaped gardens and pool area offer a serene escape, perfect for basking in the sun or hosting alfresco events.

A Shared Vision for Heritage by Atmosphere

Borgo Monchiero’s owners, Franco Giampetruzzi and Gian Maria Debenedetti, emphasized their alignment with Atmosphere Core’s brand ethos. Mr. Giampetruzzi shared:

“When sourcing a hotelier, Atmosphere Core’s ambitions to expand internationally with ‘HERITAGE BY ATMOSPHERE’ seamlessly mirrored our project plans.  We needed an established operator with big ideas yet sensitive to the value of authenticity.  The decision was very easy and now we forge ahead in preparation of welcoming guests in the coming year.”

Mr. Debenedetti added,

“We envision Borgo Monchiero as a harmonious fusion of art, 18th-century history, and experiential luxury. Atmosphere Core’s sympathetic approach with its ‘Heritage’ brand embodies this vision.”

Atmosphere Core’s Growing Global Presence

The luxury brand has become known for its collection of nine island resorts in the Maldives. The company also boasts a growing portfolio of luxury properties in Sri Lanka and India. As a result, it has gained a reputation for personalized service, exceptional dining, and unforgettable experiences. With its new venture in Italy, the company offers a one-of-a-kind escape for travelers, wine connoisseurs, and nature lovers. Guests can explore the beauty and culture of this idyllic European region while enjoying the exclusive offerings of Atmosphere Hotels & Resorts.

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The Coral Residences at Kandima: Own Your Exclusive Private Oceanfront Sanctuary

The Coral Residences at Kandima - Maldives luxury beachfront apartments with private terraces and ocean views for sale

Looking to invest in a luxury oceanfront property in the Maldives that offers a perfect blend of lifestyle, exclusivity, and financial return? The Coral Residences at Kandima Maldives presents a rare opportunity to own a five-star serviced apartment on the sun-kissed shores of Dhaalu Atoll. Scheduled for completion in early 2026, this unique real estate offering invites you to enjoy private ownership while gaining full access to the experiences and amenities of one of the Maldives’ most dynamic island resorts. Whether you seek a stylish holiday escape or a high-yield investment, The Coral Residences aims to deliver both.

Developed by Pulse Hotels & Resorts, a hospitality brand renowned for its intelligent, guest-focused concepts, The Coral Residences benefits from the backing of Deep Blue Private Limited, a leading force in Maldivian tourism and infrastructure. With a track record that includes award-winning resorts, Dhaalu Airport, and Manta Air, the development rests on solid expertise, thus ensuring long-term value and peace of mind for discerning investors.

What Makes The Coral Residences Unique?

The Coral Residences forms an integrated beachfront community of 40 exclusive two- and three-bedroom apartments designed for modern island living. Each home offers uninterrupted views of the Indian Ocean, thoughtfully planned interiors, and expansive terraces perfect for soaking in tropical sunsets.

Key Features at a Glance:

  • 2 or 3-bedroom apartments (215–250 sqm)
  • Panoramic oceanfront views
  • Exclusive pool and club house access
  • Contemporary interiors with natural light
  • Generous outdoor terraces and balconies

These residences lie along Kandima’s northern shoreline, offering privacy while keeping you connected to the island’s vibrant lifestyle.

Ownership That Works for You

Owners receive strata title leasehold ownership, which the Maldivian government registers and renews under local regulations. The developer sells apartments on a fully maintained, hassle-free basis. Furthermore, owners can resell or transfer their units, subject to the lease terms.

Your Benefits as an Owner:

  • 30 days of complimentary use annually
  • Rental income while you’re away (mandatory program)
  • Minimum guaranteed return of 6% for 5 years
  • No maintenance or operating costs
  • Quarterly payouts, net of expenses
  • Full use of Kandima’s resort facilities

Ownership also includes lifestyle and investment perks designed specifically for international buyers.

Can You Earn Income from Your Property?

Yes. Apartments enroll in a mandatory rental program that generates income whenever you are not in residence. This program guarantees a 6% net return for five years. After that period, owners continue to earn a 50% share of pooled rental revenue.

Moreover, Kandima Maldives manages every aspect of property ownership, from guest bookings to maintenance, so you enjoy a fully passive investment with consistent income potential.

Owner Usage and Stay Privileges

Owners of the Coral Residences at Kandima receive 30 complimentary nights annually, including up to 7 nights during peak season (Dec 22 – Jan 15). You must book these stays in advance (180 to 365 days depending on season). Additionally, you may transfer your entitlement to friends or family upon request.

This usage structure ensures that you enjoy the property personally while maximizing its rental performance.

What Kind of Lifestyle Awaits You at Kandima?

As an owner, you gain full access to Kandima Maldives’ extensive amenities, a world-class resort that blends luxury with play:

Island Amenities You Can Enjoy:

  • 10 restaurants and bars with global cuisine
  • Award-winning esKape Spa
  • Full-service water sports and dive center
  • Tennis, badminton, and football courts
  • 24/7 fitness pavilion with private pool
  • Beach clubs and family-friendly zones

Whether you want to unwind or explore, Kandima offers something for every lifestyle.

Thinking Practically: What Should You Know?

Before purchasing property in the Maldives, international buyers usually ask:

  • Can foreigners buy here?
    Yes. Foreigners can buy leasehold strata title property at The Coral Residences under Maldivian law.
  • Is the property fully managed?
    Yes. Kandima Maldives manages the property entirely, including upkeep, guest services, and rental operations.
  • What is the starting price?
    Units begin at USD 1.2 million, depending on layout and location.
  • Do I need a visa?
    Most nationalities receive visa-free entry on arrival. Extended stays or residency options are available separately.
  • Can I customize my unit?
    To maintain quality and brand consistency, the developer sells units with a standardized design package. Customization is not offered.

Final Thoughts: Is Coral Residences Right for You?

If you explore Maldives property investment opportunities that offer both personal enjoyment and solid returns, The Coral Residences at Kandima presents a unique proposition. With its beachfront location, fully managed rental income, and world-class resort facilities, this option offers more than just a place to stay. It represents a secure investment in one of the world’s most exclusive destinations.

Ready to own a beachfront residence in the Maldives? Discover more about investing in The Coral Residences at Kandima. Visit their website for more details: www.coralresidencesmaldives.com

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