The ECE European Lodging Recovery Fund, a hotel real estate fund that is planned and currently being established by the fund management company ECE Real Estate Partners, has acquired its first seed asset, together with two experienced real estate developers as joint venture partners in this transaction, Soravia and Denkmalneu. A purchase price was not disclosed.
The Bonvecchiati building ensemble is located on Calle Goldoni just 150 meters (492 feet) from the famous Piazza San Marco in the middle of San Marco, the heart of Venice, Italy, on the main pedestrian axis to the Rialto Bridge. Besides the Palace Bonvecchiati, the complex consists of the Hotel Bonvecchiati and the Residenzia Bonvecchiati as well as additional retail areas. Located on its own canal with a large restaurant terrace and bridge, it represents the quintessence of Venice. With a total of 191 rooms, a restaurant, bar, spa and two moorings, it is also one of the largest hotel buildings in Venice.
The
