Rosewood Hotels and Resorts has announced plans for its first Milan property, located on the edge of the city’s Quadrilatero della Moda fashion district and close to Via Montenapoleone.

Rosewood Milan will be housed within the Palazzo Branca and Palazzo della Banca Commerciale buildings, the latter of which was built in the 19th century and formerly home to the Italian Commercial Bank.

The transformation will be overseen by Parisian firm Studio KO, with Rosewood stating that the design will create a space “that is eclectic, colourful and timeless all at once, melding classical details with modern touches that breathe new life and energy into the grand, historic building while respecting its cultural heritage”.

The hotel is scheduled to open in 2025, and will feature 70 rooms, a bar and restaurant with courtyard and garden, and an Asaya wellness facility with three treatments rooms, and indoor pool and a fitness centre.

Rosewood Milan joins the group’s growing portfolio of open and forthcoming Italian properties, including the existing Rosewood Castiglion del Bosco in Tuscany, Rosewood Hotel Bauer in Venice (scheduled to open in 2025), Rosewood Porto Cervo on the Italian island of Sardinia, and Rosewood Rome (scheduled to open in 2023).

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Commenting on the news Sonia Cheng, chief executive officer at Rosewood Hotel Group, said:

“This development comes with great excitement as we continue our growth in Europe and Italy specifically. Rosewood continues to expand to destinations where we know our ‘affluential explorer’ guests want to travel.

“With all its culture and vitality, Milan ticks all the boxes for a Rosewood urban location and it will round out our portfolio of global fashion capitals where Rosewood has a presence, including our iconic properties in New York, Paris and London.”

Earlier this year Marriott also announced plans to open a W hotel close to Milan’s Via Montenapoleone, with the 166-room W Milan – Duomo set to open in 2024.

Marriott signs two additional W hotels in Italy