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April 3, 2024

Construction starts for the €45 million renovation of the historic Bonvecchiati hotel ensemble in the heart of Venice.

Construction starts for the redesign of the prestigious Hotel Bonvecchiati in Venice: In the heart of the lagoon city, ECE Real Estate Partners, SORAVIA, and denkmalneu will create a high-quality 5-star lifestyle hotel branded Only YOU by the internationally active Palladium Hotel Group within the next two years.

Hamburg/Vienna/Munich, April 3, 2024 – In this elaborate hotel project, the existing hotels Bonvecchiati and Palace Bonvecchiati will be further developed into a joint, modern, and attractively designed hotel as part of a comprehensive restructuring and repositioning. The owners, a joint venture led by ECE Real Estate Partners’ ECE Lodging Recovery Fund, along with real estate and hospitality specialist SORAVIA and denkmalneu, are investing approximately 45 million euros solely in the repositioning of the historic hotel property. The opening is planned for spring 2026.

Careful revitalization near the world-famous St. Mark’s Square 

The former hotels Bonvecchiati and Palace Bonvecchiati will be integrated through the redesign of the ground floor and will offer a variety of gastronomic options that will equally appeal to passersby, locals, and hotel guests. Closed street fronts and net curtains will be a thing of the past. Instead, a variety of restaurants, bars, cafes, and a bakery will cater to discerning clientele throughout the day.

The extensive and careful planning ensures an implementation that does justice to the San Marco location and provides real added value for the city of Venice and its visitors: The historic courtyard, currently housing technical facilities, will be restored to its Venetian style, serving as the main entrance and an oasis for hotel guests away from the hustle and bustle of the neighborhood. The diverse gastronomic offering provides a welcome addition to the local dining scene, and the hotel upgrade supports Venice’s efforts to attract more high-quality tourism.

The design of the 168 hotel rooms as well as the gastronomic facilities is overseen by internationally renowned interior designer Lazaro Rosa Violán, who has created a design cosmos that combines the location in the Venice lagoon, the history of Bonvecchiati dating back to the 1780s, and a contemporary touch.

Ascan Kókai, Principal at ECE Real Estate Partners: “The investment in the Hotel Bonvecchiati with a total volume of 150 million euros 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 enhancement strategy.”

Erwin Soravia, CEO of SORAVIA: “SORAVIA has been pursuing a consistent diversification strategy and growth in the booming hospitality sector for years. Including stakes, the SORAVIA portfolio now comprises more than 6,300 hotel rooms in Austria and internationally, with another 5,500 hotel rooms in development. The Hotel Bonvecchiati is one of our most important hotel developments. By carefully preserving the architectural heritage and simultaneously integrating modern luxury standards, this project creates extraordinary experiences for our guests. This corresponds to our standards for modern lifestyle hotels.”

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


Images, reprint free of charge: © ECE

Bild 1_Bonvecchiati_Terrasse

Bild 2_Bonvecchiati_Rezeption

Bild 3_Bonvecchiati_Bar

Bild 4_Bonvecchiati_Restaurant

Bild 5_Bonvecchiati_Hotelzimmer


About ECE Real Estate Partners
ECE Real Estate Partners is licensed as an alternative investment manager (AIFM) and has been successfully investing funds from leading international institutional investors such as insurance companies, sovereign wealth funds, and pension funds in shopping centers with strong market positions and value enhancement potential for more than ten years. With a managed portfolio of over 5 billion euros, ECE Real Estate Partners is Europe’s leading institutional fund management company specializing in shopping centers. In addition to further expanding investments in shopping centers, ECE Real Estate Partners is expanding its investment spectrum to include hotel properties. As part of the ECE Group, ECE Real Estate Partners can draw on the extensive network and comprehensive retail and hotel expertise of the group, which has over 55 years of experience in the development and operation of shopping centers and ranks among the major hotel developers in Europe with over 3,500 realized or planned hotel rooms.


With a realized project volume of over 7.6 billion euros, SORAVIA is one of the leading real estate companies in Austria and Germany. For over 140 years, the name Soravia has stood for experience and continuity in the construction and real estate business. Today, SORAVIA scores with 360-degree real estate expertise, covering the entire life cycle of a property for its customers and investors. The core business extends across project development, investment and asset management, hospitality, and property and facility management. Other corporate holdings, such as numa and Ruby Hotels, as well as LOISIUM, complete the portfolio. With all its holdings, SORAVIA employs around 4,275 people.


About denkmalneu
The denkmalneu Group was founded in 2011 and specializes in the conversion and development of commercial and mixed-use properties in the most coveted inner-city locations in Europe. With over 2,000 units built, a total project volume of more than 500 million euros, and an experienced team of leading experts, denkmalneu is one of the leading boutique developers in Germany. The group focuses on the architectural conception and repositioning of each individual project in-house. With this holistic approach, denkmalneu has already won over 20 awards in various areas such as project management, architecture, design, hospitality, and gastronomy.