CBRE Hotels EMEA Support Acquisition Of Luxury 5-Star European Hotel
CBRE Hotels EMEA announces the acquisition of the luxury 5-star Kempinski Grand Hotel des Bains, St. Moritz, Switzerland. The hotel was purchased as part of a 7.5 hectare property deal by an International Private Consortium who were advised by CBRE Hotels EMEA. The vendor was Immofinanz Group.
Commenting on the sale, Graham Windle, Head of Consulting, CBRE Hotels EMEA said: “This transaction demonstrates our expertise in engaging cross-border teams through our European network as well as our access, and ability to provide on-going support, to ultra high-net-worth investors.” Successful completion of the acquisition was supported by CBRE teams across Europe including offices in Vienna, Geneva and Zurich.
Andreas Ridder, CEE Chairman, CBRE GmbH based in Vienna added: “Putting together the Vienna team’s access to the vendor and potential buyers, the Swiss team’s local market expertise and the wider hotel sector expertise of Graham’s team in London led to a swift and seamless close of a large and complicated transaction in record time.”
Jean Golinelli, CEO, CBRE Switzerland based in Geneva commented: "This transaction demonstrates the unrivaled power of a fully integrated cross-border team. Our capacity to move quickly, resolve complex local issues and provide high level financial strategy made it happen.”
In addition to the 184 bedroom hotel, the acquisition also consisted of 44 residences, conference facilities, a luxury spa, medical center, casino and a sports pavilion.
For further information please contact: Graham Windle (+44 (0)20 7182 3932), Andreas Ridder (+43 (0)1 533 40 80 12) and Jean Golinelli (+41 (0)22 322 80 64)