Pavăl Holding and Apex Alliance have acquired the famous Grand Hotel Gardone, built in 1884 on the shores of Lake Garda in Italy.
Pavăl Holding and Apex Alliance purchased the Gardone hotel in Italy this spring and announced that €45 million will be invested in its renovation.
The hotel is only open for the remainder of this month. Reservations are no longer possible for November, as the establishment announced it is closing for renovation.
At the beginning of 2024, the hotel will undergo a renovation and restoration process that will place Grand Hotel Gardone on the map of premium 5-star hotels.
Investors Apex Alliance and Pavăl Holding are committed to preserving the hotel’s rich history, which has captivated visitors for decades with its timeless elegance, while also undertaking exciting new developments.
Following the completion of renovations in the spring of 2026, the hotel will become a premium 5-star property affiliated with a renowned international chain.
Grand Hotel Gardone, built in a classic style, became famous for its architecture and superb gardens, as well as its private access to the lakeshore and its 167 rooms with lake views.
This news is an update to the following story previously published in RHN: Dragoș și Adrian Pavăl, owners of Dedeman, buy a hotel in Italy
Frequently Asked Questions
When will the Grand Hotel Gardone reopen?
The hotel is scheduled to reopen in the spring of 2026 as a premium 5-star property after undergoing a complete renovation.
Who are the primary investors in this project?
The hotel was acquired by Pavăl Holding (the investment vehicle of the Dedeman owners) in partnership with Apex Alliance.
What is the budget for the hotel renovation?
The investors have allocated €45 million for the restoration and modernization of the historic Lake Garda property.