Hotel Principe di Savoia in Milan is set to close for two years from 1 January 2027 as owner Dorchester Collection begins one of the most significant investments in the property’s history.
The luxury hotel is expected to reopen in 2029 after an extensive restoration that will enlarge guestrooms and suites, add a limited collection of private residences and introduce new spa, dining and rooftop spaces.
The project marks a major overhaul of one of Milan’s best known hotels, which first opened in 1927 and has been part of the city’s hospitality scene for almost a century.
Dorchester Collection said the work is intended to preserve the hotel’s legacy while preparing it for its next century. It described the restoration as a strong vote of confidence in Milan and its future.
When it reopens, the hotel will offer a more intimate layout, with larger rooms and suites designed to reflect the brand’s style of service, alongside private residences for guests and owners.
The redevelopment will also include a spa and wellness area, fresh dining concepts and a rooftop venue with views over Milan’s skyline, according to the company.
Christopher Cowdray, President of Dorchester Collection, said: “Since its opening in 1927, Hotel Principe di Savoia has become part of the life of Milan and the lives of generations of guests.”
He said the company was embarking on a restoration that would reposition the hotel in its rightful place as the city’s leading hotel.
He added: “Few opportunities are more exciting than helping shape the future of a hotel with such a remarkable legacy. We are immensely proud of being able to invest in its next century.”
The hotel’s temporary closure reflects a wider trend among luxury brands to invest heavily in landmark properties, especially in major city markets where heritage and high-end hospitality often go hand in hand.
For Milan, the project is also a sign of continued confidence in the city as a destination for international travellers, business visitors and luxury leisure guests.
Hotel Principe di Savoia has long been regarded as one of Europe’s grand hotels and has welcomed generations of influential visitors over the decades.
Its redevelopment is expected to strengthen that position, with Dorchester Collection aiming to combine historic character with updated facilities and a more residential feel.
Projects of this scale often reshape the guest experience as much as the building itself, and the planned changes at Principe di Savoia suggest a more expansive offer when it returns in 2029.
The closure means the Milan landmark will be absent from the market for two full years, but the owner is betting that a deeper restoration now will help secure the hotel’s appeal for decades to come.
