The Hotel Danieli, a favorite of those wanting a luxury hotel in Venice, is at significant risk of closure. I wouldn't say not to book it or cancel an existing reservation, but people should be aware of the risks, as it is being well covered in the Venetian newspapers.

The reason is, the current owner has not been able to keep up with the mortgage payments, is three months behind, and has been given 10 days to pay up or else go into foreclosure, and he hasn't responded to that notice. It's the same guy who owns the Four Seasons and the Mandarin in Milan. I would still go if this results in major discounts, but people planning a trip who haven't made choices, should have access to this information, which to my knowledge, is only published in the Italian press. http://www.corriere.it/economia/card...incipale.shtml