ECE Real Estate Partners and The Palladium Hotel Group have signed a 20-year contract for the operation of the Bonvecchiati Hotel in Venice by its boutique lifestyle brand Only YOU Hotels. The hotel ensemble has recently been acquired by the ECE European Lodging Recovery Fund in a joint venture with hotel developers Soravia and denkmalneu and is being comprehensively refurbished and repositioned. This marks the completion of the planning phase for the repositioning of the ensemble, which is located in the heart of Venice.
The renovation will result in connecting the Hotel Bonvecchiati and Palace Bonvecchiati Hotel through an innovative design that establishes a central lobby and enhances the revitalized central courtyard, which will become the exclusive entrance to the future 5-star hotel. With 168 rooms it will be the largest high-end lifestyle hotel in San Marco, only a short walk from all major attractions such as St Mark’s Square, the Rialto Bridge and the La Fenice opera house. The hotel will feature a spacious terrace overlooking the canal as well as a private jetty. Guests can enjoy the buzz of the popular Calle Goldoni and Calle dei Fabbri, linger in the two restaurants, enjoy several bars, the “Breakery” café and the inviting lounge, or relax in the idyllic courtyard. The hotel is to be completed by 2025.
The exceptional combination of a first-class location, an innovative architectural concept and a floor area of approx. 10,000m2 caught the interest of many hotel operators during the international search conducted. Amongst these, Palladium Hotel Group, with its boutique lifestyle brand Only YOU Hotels, was the most suitable combination for the joint venture partners to make the most of this outstanding hotel project. The combination of a high-end lifestyle concept and curated gastronomic proposals, that Only YOU Hotels represents, aligned with the groups international expertise and strong financial standing, that Palladium Hotel Group presented, lead to the signing of the 20-year lease.
Source : ECE Group