Location: Close to St Mark’s Square, Venice, Italy
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 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
Main Photo: The view from one of the bedrooms at this hotel
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
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market.
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.