Insights

Cipriani Scores $150 Million Boost From King Street Capital

For more crisp and insightful business and economic news, subscribe to
The Daily Upside newsletter.
It’s completely free and we guarantee you’ll learn something new every day.

Pop some prosecco, pour an aperitivo, and crack open a few bottles of Peroni.
Cipriani, the 91-year-old Italian luxury hotel and restaurant operator which owns the storied Harry’s Bar in Venice and formerly ran the Rainbow Room in 30 Rock, is nearing a deal with King Street Capital Management to refinance roughly $150 million of loans held by its US arm, The Wall Street Journal reported Tuesday. For company leaders, that’s plenty of reason to raise a glass and say salute.
Take the Funds, Leave the Cannoli
While it’s best known for serving legendary clientele such as Ernest Hemingway and Charlie Chaplin at its flagship Harry’s Bar, Cipriani has made a name for itself in the US as well. New York Mayor Eric Adams held his campaign’s victory celebration at Casa Cipriani, the waterfront luxury hotel in downtown Manhattan that opened in September last year. The brand also has locations in Miami and Beverly Hills.
With the new deal, according to the WSJ, Cipriani will both retire loans dating back to 2018 and employ additional funding to support its expanding American footprint:
Atop Cipriani’s slate is Musica nightclub, a newly opened 25,000 square-foot Hell’s Kitchen dance hall planned in partnership with Italian nightlife entrepreneur Tito Pinto. It opened May 20 after a long pandemic delay, and is now the largest nightclub in all of New York City.Cipriani also just opened Bellini, an Italian restaurant that will anchor Harry’s Table, a soon-to-open Upper West Side artisanal Italian food hall and market. The venue also suffered long pandemic delays.”This year we’re opening 16 new projects,” CEO and the founder’s great-grandson Giuseppe Cipriani told the WSJ, which noted he spoke between sips of Negroni. “During the pandemic, instead of stopping, I traveled all over the world and we signed onto new projects. We’re very excited.” Sounds quite luxurious indeed. –

For more crisp and insightful business and economic news, subscribe to
The Daily Upside newsletter.
It’s completely free and we guarantee you’ll learn something new every day.

Pop some prosecco, pour an aperitivo, and crack open a few bottles of Peroni.

Cipriani, the 91-year-old Italian luxury hotel and restaurant operator which owns the storied Harry’s Bar in Venice and formerly ran the Rainbow Room in 30 Rock, is nearing a deal with King Street Capital Management to refinance roughly $150 million of loans held by its US arm, The Wall Street Journal reported Tuesday. For company leaders, that’s plenty of reason to raise a glass and say salute.

Take the Funds, Leave the Cannoli

While it’s best known for serving legendary clientele such as Ernest Hemingway and Charlie Chaplin at its flagship Harry’s Bar, Cipriani has made a name for itself in the US as well. New York Mayor Eric Adams held his campaign’s victory celebration at Casa Cipriani, the waterfront luxury hotel in downtown Manhattan that opened in September last year. The brand also has locations in Miami and Beverly Hills.

With the new deal, according to the WSJ, Cipriani will both retire loans dating back to 2018 and employ additional funding to support its expanding American footprint:

Atop Cipriani’s slate is Musica nightclub, a newly opened 25,000 square-foot Hell’s Kitchen dance hall planned in partnership with Italian nightlife entrepreneur Tito Pinto. It opened May 20 after a long pandemic delay, and is now the largest nightclub in all of New York City.Cipriani also just opened Bellini, an Italian restaurant that will anchor Harry’s Table, a soon-to-open Upper West Side artisanal Italian food hall and market. The venue also suffered long pandemic delays.

“This year we’re opening 16 new projects,” CEO and the founder’s great-grandson Giuseppe Cipriani told the WSJ, which noted he spoke between sips of Negroni. “During the pandemic, instead of stopping, I traveled all over the world and we signed onto new projects. We’re very excited.” Sounds quite luxurious indeed.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

  • This field is for validation purposes and should be left unchanged.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex Securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here To Get Started
FREE AAPL, TSLA, AMZN, PFE or MRO Share(s)
REGISTER TO BE ELIGIBLE FOR FREE SHARES
TRAVEL ACROSS THE FINANCIAL WORLD
Act Fast - Promotion Ends In
Click Here For More Info