FlyerTalk Forums - View Single Post - Hotel Danieli, Venice, Caution
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Old Oct 31, 2016 | 2:41 am
  #3  
Perche
 
Join Date: Mar 2011
Location: SFO, VCE
Programs: AA EXP >4 MM, Lifetime Plat
Posts: 2,881
I'll keep you posted. Right now, sit tight. It's in the paper again today.
http://www.ilgazzettino.it/nordest/v...i-2054892.html

Basically, the group that owns it has been developing luxury properties in Milan and Sicily,and should have plenty of cash, but they don't have liquidity, and haven't paid their mortgage in some months. If they don't settle up soon, the bank will repossess the property. They won' shutter it up, and leave you without a place to stay, and letting it go to the birds would decrease its value as an asset. There would certainly be changes in service and things, but right now, I'd sit tight and see what happens. Remember that there are two Danieli's, the original, and right next door they build an annex. The original is the beautiful one. The annex next door looks like a typical cement post WWII building. Venetians hate the annex because of its poor asthetic impact on the scene. Try to get a room in the original Danieli building.
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