Works begin on €45m-repositioning of Bonvecchiati hotel in Venice (IT)

Works begins on €45m-repositioning of Bonvecchiati hotel in Venice (IT)

The redevelopment works for the landmark Hotel Bonvecchiati in Venice have commenced: Over the next two years, the project partners ECE Real Estate Partners, SORAVIA, and denkmalneu, will create a high-end 5-star lifestyle hotel with 168 rooms located just off St. Marks Square in the heart of the lagoon city and will operate under the exclusive Only YOU brand of the internationally active Palladium Hotel Group. The joint venture, led by ECE Lodging Recovery Fund, is investing €45m in the project with an expected opening in spring 2026.


The Bonvecchiati and Palace Bonvecchiati 4-star hotels will be upgraded into a single contemporary hotel. 


The Bonvecchiati and Palace Bonvecchiati hotels in San Marco are being combined into 4-star hotels that will be upgraded into a single contemporary hotel. The historic courtyard will be restored to its Venetian style and serve as the main entrance. Lazaro Rosa Violan is creating a design. 


Ascan Kokai, Principal at ECE Real Estate Partners: "The total investment volume of almost €150m in the future Only YOU Hotel Bonvecchiati Venice exemplifies the strategy of the hotel fund managed by ECE Real Estate Partners, which focuses on outstanding locations in growth markets and an active value-add strategy."


Erwin Soravia, CEO of SORAVIA: "For years, SORAVIA has been focusing on a consistent diversification strategy and growth in the booming hospitality sector. Including investments, the SORAVIA portfolio now comprises more than 6,300 hotel rooms in Austria and internationally, with a further 5,500 hotel rooms under development. The Hotel Bonvecchiati is one of our most important hotel developments. By carefully preserving the architectural heritage while integrating modern luxury standards, this project creates exceptional experiences for our guests. This is in line with our standards for modern lifestyle hotels."


Thomas Scherer, CEO of denkmalneu: "The redesign and repositioning of the historic Hotel Bonvecchiati require the highest level of expertise in project development, mindful revitalization and modern hospitality needs. We are delighted that the joint implementation of this international flagship project with ECE Real Estate Partners and SORAVIA has begun."


Image provided by ECE.


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