Four Seasons Hotels to Manage Danieli Hotel in Venice
Main Photo: The iconic Danieli Venice
Date: January 2022
Name: Currently: Hotel Danieli, a Luxury Collection Hotel, Venice…to become a Four Seasons – to reopen 2024
Location: Riva degli Schiavoni, Venice, Italy
Number of Keys: Will be 200 rooms and suites
Owner: Built in the 14th century, the hotel was, together with four other luxurious hotels in Venice, the Danieli came under the control of CIGA – Compagnia Italiana Grandi Alberghi, owned by Count Giuseppe Volpi, which was acquired the Sheraton/Starwood company, which in turn was sold to Marriott. In 2005 Starwood sold the hotel to the Statuto Group for €177m, and took on a long-term management agreement
Manager: Four Seasons Hotels & Resorts
Four Seasons Hotels & Resorts will add on one of the historic hotels in the lagoon: The Danieli. In Italy. They signed on the San Domenico in Taormina and reopened after the complete renovation the Four Seasons in Milan, both owned by the Statuto group.
Four Seasons Hotels & Resorts, whose majority owner is Bill Gates, will manage the historical Danieli Hotel in Venice, Italy. A plan to restructure and consolidate the building as well as to renovated and refurbish it has already been put forward, with a luxury hotel that would have an inventory of 200 rooms and suites and which will open in 2024. Pierre Yves Rochon has been entrusted to design the interiors of the hotel.
The Danieli is the oldest hotel in Venice, in uninterrupted activity for 200 years. Located near the Piazza San Marco, the Doge’s Palace and the Bridge of Sighs, made up of three buildings: Palazzo Danieli Excelsior, from the twentieth century, Palazzo Casa Nuova, from the nineteenth, and Palazzo Dandolo, in Venetian Gothic style. The Danieli hosted many illustrious guests, from Goethe to Walt Disney. From Charles Dickens to Steven Spielberg. It was Giuseppe Dal Niel, in 1822, who transformed the building into a hotel, the Royal Hotel, known by everyone as “Danieli” after the owner’s name. It changed hands many times and then ended up in the portfolio of real estate developer Giuseppe Statuto, who had bought it in 2005 from Starwood.
Price: €30m budget for renovations
THPT Comment: A prize win for Four Seasons….Statuto’s debt has had much press comment since 2020…Financier of the property developer Giuseppe Statuto has long been the British group, The Children’s Investment Fund (TCI). Thanks to the intervention of TCI, in January 2018 Danieli Property a subsidiary of Statuto group and owner of the Danieli hotel in Venice, had paid Apollo Global Management the installment of €94 million of the debt that the fund had purchased from Montepaschi.
First Seen: Hospitality Net
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. For more information – Visit www.thpt.co.uk or email [email protected]
