In response, the 70-year-old designer — who recently stepped down as Versace Creative Director — shared a statement on social media condemning the move.
'Let me be clear. The hotel and restaurant named Donatella, located near our former family home in Miami, will never have anything to do with me or my family. To try to capitalize on our tragedy and my name for profit is disgraceful,' she wrote on Instagram.
According to the publication Ocean Drive, chef Alessandro Morrone's restaurant will accommodate up to 170 patrons, and the hotel will have six rooms.
Offerings will include a spa, private beach access, daybed rentals, a fitness center and jet ski rentals.
Page Six reported this week that the Nakash family scooped up Gianni’s mansion for $41.5 million in 2013.
It had previously been sold to telecommunications tycoon Peter Loftin by the Versace camp in 2000.
By ASHLEIGH GRAY FOR DAILYMAIL.COM