In January, there was news coming out from Italy (read more here) that a famous Danieli hotel in Venice, part of Marriott’s Luxury Collection, would become associated with Four Seasons after extensive renovations.
This deal is off, and the hotel will stay under Italian ownership with the help of Starwood Capital Group.
You can access the hotel’ Danieli’s website here.
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Here’s an excerpt from the CoStar:
On Jan. 10, Italian real estate company Statuto Group announced it had raised 330 million euros ($365.6 million) to keep the famed Hotel Danieli in Venice, Italy, with the help of U.S. private-equity company Starwood Capital Group.
The Danieli-Four Seasons deal did not happen, with one reason perhaps being animosity to increased foreign ownership of historic buildings in Venice and other parts of Italy.
Made in Italy, the Italian state-run organization charged with keeping Italian heritage within Italian hands, became involved, even though the hotel was previously owned by an American hotel firm.
In 2005, Starwood Hotels & Resorts — a decade before it became part of Marriott International — sold Hotel Danieli to Statuto Group for 177 million euros. Marriott continues to manage the hotel under its Luxury Collection soft brand.
Video Of A Suite I had At Danieli:
What Was Reported Earlier:
Quite an interesting move and the hotel continues to stay under Marriott’s Luxury Collection brand.
Gritti Placa, also part of Luxury Collection, is far superior to the Danieli before upcoming renovations. Let’s see how this 200-year hotel turns out.