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Hotel Locanda Vivaldi is repositioning as a 5-star

There is a new 5-star pipeline in the Venice lagoon. According to rumors, the Hotel Locanda Vivaldi in Riva degli Schiavoni will be repositioned as a 5-star. The hotel is currently a 4-star and hasna total of 26 keys. While the refurbishment works aimed at upgrading would seem to have already begun, the opening is scheduled for 2023. There  are 23 5-star hotels at the destination, for a total of 2,347 keys. Moreover, there are many 5-star pipelines scheduled to open in the next few years in Venice.

In particular, between conversion, rebranding and upgrade operations, 9 luxury properties are in pipeline (for 853 keys). There are 5 buildings (for 508 keys) being converted into 5-star hotels, including the Murano Luxury (Langham), the Rosewood Venice, the Nolinski. Additionally, there are 3 hotels (for 141 keys) that are being refurbished and repositioned as 5-star: the Violino d’Oro and the Hotel Gabrielli, Starotels Collezione. One, however, is a rebranding operation, the Hotel Danieli (204 keys) is passing from the Marriott brand to the Four Seasons management.

The revenue / key performance (2013-2019) of the 5-star boutique structures with 20-30 keys in the lagoon increased by CAGR + 10.6%. This parameter is positively supported by Aman that with approximately 580.000 € per key is the first hotel in Italy by value of revenues / key.

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