Palazzo Maria Formosa is the new 5-star Venetian hotel, opened last October from the conversion of Palazzo Donà. It is located on the Campo Santa Maria Formosa, and is the first investment in Venice by Singaporean entrepreneur Kwong Ching Chiat. The property has 26 rooms, a bar, a restaurant and a spa, and is managed by the Calzavara family of hoteliers from Jesolo.
The Municipality of Venice sold Palazzo Donà for €4 million
Palazzo Donà was the seat of the social services of the Municipality of Venice which sold the building a few years ago for €4 million to Venetian Immobiliare (Ive), giving them the possibility of selling the asset to a private buyer. And it was quickly sold to Grandeur Oxley, which subsequently began a series of works for a total of around €6.2 million, largely concluded in July 2018. The outbreak of the pandemic then slowed down the search for a manager.
The management to be taken over by Relegance - The Unexpected Collection?
Grandeur Oxley has also purchased Palazzo Poerio Papadopoli from the Municipality. It is near Piazzale Roma, where the construction of another 4/5-star hotel is planned, but at the moment work has not started. However word would have it that it will be managed by Antonio Onorato, founder of the new Relegance - The Unexpected Collection, which includes the Palazzina Grassi in Venice and the Rosapetra Spa Resort in Cortina d'Ampezzo.
