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Gardone Riviera’s 4-star Villa Capri sold to Michl Ebner’s Athesia Group 

Monday, 24 January 2022 10:11

The 4-star Villa Capri in Gardone Riviera (one of Lake Garda’s main tourist resorts in Lombardy) has been acquired by the South Tyrolean Athesia group led by Michl Ebner who is active in various sectors including publishing, and owns several local newspapers. It is thought that the hotel, formerly owned by the Piva family, was sold for around €10 million.

45 rooms and partnerships with local golf clubs

Gardone Riviera is a town in the province of Bresica on the western shore of Lake Garda and is known for the Vittoriale degli Italiani, the former residence of the poet Gabriele D’Annunzio. Villa Capri consists of 45 rooms surrounded by a 10,000 square metre park with a heated swimming pool. The building dates back to the 1920s and was originally called Villa Mathieu. The level of service, elegant rooms, heated swimming pool and the partnerships with local golf clubs make it an excellent choice. Prices for 2022 are not yet available for this first season under the Athesia brand after almost 40 years with the Piva family at the helm.

Revenues were down 33% in 2020

The Athesia group also owns the Hotel Terme in Merano and has controlled most of the Funivie Ghiacciai Val Senales company since 2018 as well as the Grawand Hotel in the same area. Villa Capri performed well in the pre-pandemic era. While the hotel did not record high revenues per key in 2019, it was able to boast a gross operating margin of over €307,000 and damage caused by the pandemic has been limited, with 2020 revenues falling only by some 33%.

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