A duel coup in Venice for Planetaria Hotels with the acquisition of the 4-star Ca' Pisani and the state concession for a 5-star.
The Ca' Pisani is Venice’s first design hotel
The Ca’ Pisani investment of €20 million includes a mini restyling, while the Molino Erizzo Palace - which is located in the Cannaregio district overlooking the Grand Canal and will be converted in a couple of years into a 25-room 5-star with a spa, restaurant and bar – has been taken over for 25 years through its subsidiary Altana. The Ca' Pisani, a 4-star and the city's first design hotel, and was formerly owned by the Serandrei family, who also own the Saturnia & International. The late 14th-century palace has 29 rooms, including four junior suites, the lounge bar-restaurant La Rivista, also open to outside guests, a solarium and a space for small events.
“Venice is a dream come true”
"Venice is a dream come true,- says Planetaria's managing director, Sofia Gioia Vedani, -a destination we are finally able to add to our portfolio. The Ca' Pisani was a long negotiation, it took eight months, but it was worth it. The investment was made entirely by my family and we therefore have the privilege of not having funds chasing us. This operation does not mean just having thirty more rooms to put in our portfolio, and a few million in additional turnover. It represents a new narrative in a fragile context like Venice, and one to be guided into the future.”
Local specialities from aperitifs to ice creams
"We have kept all the hotel staff and the integration has turned out to be easy for both sides,- says the Group’s director general Damiano De Crescenzo. -Our aim is to enhance the specific character of each of our properties. We will start by working on the restaurant, enhancing local excellence, from aperitifs to ice cream, and with fish first courses. To create undemanding dining that is capable of capturing the spirit of Venice at all hours.”
Planetaria is also considering leisure destinations
Planetaria is to continue with its expansion policy. "Since Covid,- adds De Crescenzo, -we haveopened up to management and we are also looking at leisure destinations. But we are in no hurry.” With the arrival of the Ca' Pisani, the group now has 12 hotels in Venice, Milan, Rome, Genoa, Venice and Florence. Last year Planetaria closed with a turnover of €52 million and gross operating margins (ebitda) of €18.7 million (35% of total revenue). This year the expectations are to exceed €55 million in total turnover.
