28 Key, Four-Star Palace Hotel in Venice, Italy For Sale

Location: Close to St Mark’s Square, Venice, Italy

Name: TBA

Guide Price: €22m

No. of Keys: 28 rooms and suites

The Opportunity: A beautiful palace hotel in central Venice, with stunning views, XVIII decor and architecture, that typifies Venice. Besides 28 sumptuous rooms and suites, there is a small meeting room that holds 20 pax, a breakfast lounge, bar and lift.

The spacious reception hall on the main floor of the hotel, along with its XVIII century decor and double façade overlooking Venice, is the ideal setting for gala events. During the Venetian festivities of the Regata, Redentore and Carnival, the hotel becomes the venue of Venetian artists performing classical music concerts, canovacci and theatrical comedies.

The Royal Suite at this hotel

The hotel is housed within an ancient historical residence that once belonged to one of the most prominent Venetian families. During the era of the Serenissima Republic, they inhabited the historic residence for a long period in seamless continuity. The hotel overlooks campo Santa Maria Formosa on one side, and rio del Paradiso on the other, and still maintains a water entrance, which once was the main entry. The hotel’s present day design was entrusted to the architect Bartolomeo Manopola, whose Venetian works includes the marble façade of the clock overlooking the Ducal Palace courtyard. AM

A more contemporary look in one of the Junior Suites

Main Photo: The view from one of the bedrooms at this hotel

Tenure: Freehold

Brand/Management: Both free

Financials: Financials available upon signing of a NDA. Yield in 2018 around 5%…scope for improvement

Current Owner: Private family company

Agent: Local agent in partnership with The Hotel Property Company

Guide Price: €22m

Guide Price per Key: €785,714

Date Posted: May 2020

THPT Comment: A great opportunity to secure this fabulous, stylish hotel in great-looking order.

Contact us for further information

This is a new feature on the THPT site…. Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”

Each fortnight we mail the opportunities posted that week, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all

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For more information – Visit www.thpt.co.uk or email info@thpt.co.uk.

MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.