Over the next two years, the project partners ECE Real Estate Partners, SORAVIA and denkmalneu, will create a high-end five-star lifestyle hotel with 168 rooms that is located just off St. Marks Square.
The comprehensive hotel project will be realised by upgrading the existing, previously independently managed Bonvecchiati and Palace Bonvecchiati four-star hotels, into one single, contemporary and opulently designed hotel as part of an extensive reconfiguration and repositioning. The owners, a joint venture led by the ECE Lodging Recovery Fund managed by ECE Real Estate Partners, together with the real estate and hospitality expert SORAVIA as well as denkmalneu, are investing around €45M in the repositioning works of the historic hotel property. The opening is planned for spring 2026.
The two historic hotels Bonvecchiati and Palace Bonvecchiati will be combined through the redesign of the ground floor and will offer a great variety of gastronomic offers in the future, inviting passers-by, locals and hotel guests alike. Closed street fronts and net curtains will be a thing of the past; instead, a diverse range of in- and outdoor restaurants, bars, cafés and even a bakery will cater to the discerning guests throughout the day.
Ascan Kókai, 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.”
