Hotel Principe di Savoia Milan to Close in 2027 for Major Restoration – Reopening Expected in 2029

Published: 20 October 2026
Written by: MD Venue Finding
Category: Hotel News | European Hospitality

One of Milan’s best-known luxury hotels is preparing for a major transformation.

Hotel Principe di Savoia will close on 1 January 2027, with Dorchester Collection confirming plans for an extensive restoration ahead of an expected reopening in 2029.

The project will bring significant changes to the hotel’s accommodation, restaurants and wellness facilities, including larger guestrooms and suites, private residences and a new rooftop venue.

For businesses planning corporate events or group accommodation in Milan during 2027 and 2028, the closure is an important one to be aware of.

When Is Hotel Principe di Savoia Closing?

Hotel Principe di Savoia will temporarily close on 1 January 2027, with an expected reopening in 2029.

The announcement was made by Dorchester Collection on 8 July 2026.

First opened in 1927, the hotel is approaching its 100th anniversary and has long been one of Milan’s most recognisable five-star hotels.

The restoration will see the property undergo a substantial transformation while preserving its historic character.

An exact reopening date has not yet been announced.

What Will Change at Hotel Principe di Savoia?

Dorchester Collection has outlined several major improvements to the property.

Larger guestrooms and suites

The hotel will introduce significantly enlarged guestrooms and suites, creating a more spacious luxury accommodation offering.

Private residences

A limited collection of private residences will form part of the redevelopment.

New dining experiences

The restoration will include changes to the hotel’s restaurant and dining offering.

Spa and wellness

A new wellness destination is planned as part of the project.

Rooftop venue

One of the more interesting additions will be a rooftop venue overlooking Milan’s skyline.

For corporate hospitality and private events, this could become an attractive addition to the city’s luxury venue market, although event capacities and private-hire arrangements have not yet been confirmed.

What Does the Closure Mean for Corporate Events in Milan?

Milan remains one of Europe’s most important destinations for business travel, luxury hospitality and international events.

With its strong transport connections, established hotel market and selection of restaurants and event spaces, the city is well suited to executive meetings, conferences, incentive programmes and client entertainment.

Hotel Principe di Savoia’s temporary closure means companies planning events during the restoration will need to consider alternative accommodation and event venues.

Fortunately, Milan has a wide range of options, from five-star hotels to historic properties and converted industrial spaces.

For companies looking beyond traditional hotel meeting rooms, we’ve previously featured East End Studios Milan in our guide to unique conference venues across Europe.

We’ve also included Milan in our guide to the best European hotels for corporate events and conferences in 2027, looking at destinations suitable for international business meetings and company offsites.

For companies organising international events, having the right venue and accommodation arrangements in place well ahead of the event is particularly important.

Milan’s Luxury Hotel Market Continues to Evolve

The restoration of Hotel Principe di Savoia reflects continued investment in Milan’s luxury hospitality sector.

The city attracts international visitors throughout the year, particularly around events such as Milan Fashion Week and Salone del Mobile.

These periods can place significant demand on premium accommodation and event spaces.

For corporate groups, choosing a hotel involves more than finding available bedrooms. Meeting space, breakout rooms, dining options, transport connections and overall event costs all need to be considered.

Our 2027 European SKO hotel guide explores some of these considerations for companies organising larger international meetings.

At MD Venue Finding, we help businesses source suitable venues and accommodation across Milan, Italy and wider Europe, from smaller executive meetings to major conferences and corporate programmes.

What Can We Expect When Hotel Principe di Savoia Reopens in 2029?

The hotel’s reopening will be an important moment for Milan’s luxury hospitality market.

The planned rooftop venue is particularly interesting, alongside the larger suites and new wellness facilities.

However, several important details remain unconfirmed, including the total number of guestrooms following the restoration, the future meeting and event facilities, and the exact reopening date.

These will be worth watching as Dorchester Collection releases more information ahead of 2029.

Frequently Asked Questions

Is Hotel Principe di Savoia Milan closing in 2027?

Yes. Dorchester Collection has confirmed that Hotel Principe di Savoia will close temporarily on 1 January 2027 for a major restoration.

When will Hotel Principe di Savoia reopen?

The hotel is expected to reopen in 2029, although an exact reopening date has not yet been announced.

Why is Hotel Principe di Savoia being renovated?

The restoration aims to modernise the hotel while preserving its historic character. Plans include larger guestrooms and suites, private residences, new dining experiences, wellness facilities and a rooftop venue.

Where is Hotel Principe di Savoia located?

Hotel Principe di Savoia is located at Piazza della Repubblica 17, Milan, Italy, close to the Porta Nuova business district.

Can you host corporate events at Hotel Principe di Savoia during the restoration?

The hotel will be closed during the restoration, meaning its accommodation and event facilities will be unavailable. Details of its future corporate event offering have not yet been announced.

Can MD Venue Finding help find alternative hotels and event venues in Milan?

Yes. MD Venue Finding sources hotels, conference venues, private dining spaces and group accommodation in Milan and across Europe.

Our standard venue-finding service is free to clients.

Planning a Corporate Event in Milan?

If you’re planning a conference, company offsite, leadership meeting, incentive trip or corporate dinner in Milan, MD Venue Finding can help.

We work with hotels and venues across Europe to source suitable options, check availability, gather proposals and negotiate rates.

Find out more about how our free corporate venue-finding service works or contact us directly with your event requirements.

Website: https://mdvenuefinding.com
Email: dan@mdvenuefinding.com

Source: Dorchester Collection – Official Hotel Principe di Savoia Restoration Announcement, 8 July 2026

Article published by MD Venue Finding on 20 October 2026. Hotel reopening dates and redevelopment details are subject to change.