The San Clemente Palace Kempinski Venice is owned by the Permak Group, an international investment firm. The Permak Group purchased the historic island property—located on the private island of San Clemente in the Venetian Lagoon—and subsequently entered into a management agreement with Kempinski Hotels, Europe’s oldest luxury hotel group. This partnership allows the hotel to benefit from Kempinski's global brand standards and management expertise while being backed by Permak's capital. In 2026, the hotel remains one of the most exclusive "resort-style" stays in Venice, featuring its own 12th-century church and sprawling gardens. While Kempinski manages the daily operations, guest services, and marketing, the underlying real estate and the massive investment required to maintain a private island infrastructure belong to the Permak Group. This "owner-operator" model is standard in the luxury hospitality industry, where specialized brands manage assets owned by large-scale institutional or private investors.