1952	Siegfried Villgrater, who would later become the host of the Talschlusshütte, the Fondovalle Refuge, learned to love this area when he worked as a young shepherd in the Fiscalina Valley.
1953	May: a small “refreshment point” is built where the Fondovalle Refuge now stands. In the autumn of the same year the dormitory and kitchen are also added.
1954	The technical report on the “refreshment point” emphasizes the exemplary toilet: it is built 10 meters from the main structure and made entirely of wood.
1958	Anton and Siegfried Villgrater file a petition to obtain private ownership, and become the owners of the “refreshment point”. Their first initiative is to install a drinking water piping system. By hand, they dig a trench from a spring to the building, a distance of 300 meters.
1959	They submit new projects to the local Environmental Protection Commission: a storeroom is added to the existing outdoor toilet.
1960	Rosa, who is not a Villgrater yet, comes to work in the Fiscalina Valley.
1961	Siegfried Villgrater and Rosa get married.
1962	Birth of Herbert, the first of four children and current owner of the Fondovalle Refuge.
1963	The business grows rapidly. Towards the end of the sixties it is so well established that almost 200 cars can be seen in the parking lot at one time.
1971	Val Fiscalina is closed to traffic, campgrounds and tents are forbidden. Unfortunately, what is beneficial to nature is often detrimental to human activities: at first the local people, used to reaching the Fondovalle Refuge by car, stop coming here.
1974	Siegfried Villgrater purchases 608 m² of land for the then considerable amount of 3,040,000 Lire. The purchase is followed by a long bureaucratic ordeal to obtain the permit to enlarge the old Refuge. Success is only achieved after years of struggle and piles of paperwork.
1977	Inauguration of the new Fondovalle Refuge, but Siegfried Villgrater, the owner, is not completely satisfied. The many regulations and strictures imposed by the authorities have not allowed the project to be accomplished in the most satisfactory manner.
1983	The Sexten Dolomites Natural Park is established.
1984	The licence to run the Fondovalle Refuge is revoked.
1985	The former Refuge is transformed into a family run hotel.
1993	The hotel is equipped with a telephone line and sewer; the generating set, which is not ecological, is replaced with a power line from the town.
1995	Siegfried Villgrater, long-time manager of the Fondovalle Refuge, dies.
1996	Plans to enlarge the Fondovalle Refuge, which take a year to define, are eventually drawn up, and the sophisticated project is approved quickly and without a hitch by the Sexten Building Commission. But the work, scheduled to begin in the spring of 1998, is delayed by legal problems and bureaucratic red tape and will not start for another four years.
1998	Marriage of Herbert Villgrater and Maria, waitress at the Fondovalle Refuge since 1986. Two children are born, Armin and Julia.
2002	The preparations for the long-wished for redevelopment are completed; meantime, the spring water supply system is upgraded to meet modern standards.
2003	On March 17, the old Fondovalle Refuge is demolished. The expertise of architect Bernhard Lösch and the excellent coordination of the Unionbau firm that supervises the construction enable the work to proceed speedily and without a hitch: after only three months, on June 23, the new Fondovalle Refuge is inaugurated. The event is duly celebrated on October 12, with the inauguration ceremony and the celebration of the 50th anniversary of an inn that meantime has become an integral part of the Piano Fiscalino.

Illustrious guests - from the Fondovalle Refuge guest book:
Luis Trenker, Reinhold Messner, Hans Kammerlander, Christoph Hainz, Franz Klammer, Paul Breitner, Cardinal König, Silvius Magnago, former Head of the Provincial Government, Giulio Andreotti ...