Grace Hotels is offering a rare opportunity to purchase a slice of prime Swiss real estate in luxurious St Moritz.
Luxury boutique hotel group Grace Hotels has launched a collection of 17 apartments serviced by the new Grace St Moritz hotel, scheduled to open in 2018.
Located in the heart of St Moritz, just moments from the famous ski slopes, the property offers direct views across the resort’s lake and valley and lies on the Via Serlas – the luxury shopping avenue. Residents will have full access to Grace St Moritz hotel’s ultra-modern spa and fitness centre, restaurants, martini and cigar bar, and 24-hour concierge. The collection comprises one to four-bedroom apartments as well as a four-bedroom penthouse.
St Moritz is one of the most exclusive alpine resorts and with the local property market largely closed to overseas purchasers, Grace St Moritz Apartments represent a rare chance for long-term investment. A unique ownership concept enables non-Swiss nationals to acquire a freehold apartment in St Moritz and to earn revenue by renting all or part of it back to hotel guests when not in residence. Grace Hotels will handle the servicing, maintenance and marketing.
Grace Hotels acquired the historic La Margna hotel, which was originally built in 1906, in 2013 with the aim of transforming it into a luxurious hotel and residences, the first of its kind at this location.
It is currently undergoing a full-scale restoration and refurbishment whilst retaining the period charm of the original
“The launch of this collection of apartments follows the successful sale of our residences at Grace Cafayate in Argentina,” says Robert Swade, CEO of Grace Hotels. “Buyers are purchasing a home that is not only managed and serviced by an international boutique hotel group, but offers revenue opportunity and a long-term real estate investment. The apartments exemplify the prestige of the Grace brand and we are excited to be offering something different in St Moritz.”
St Moritz is regarded as the birthplace of winter tourism, becoming an alpine resort in 1864. It is a premier destination with 217 miles of piste and is also one of Switzerland’s highest resorts at 1800 metres. In addition to winter sports, St Moritz offers year-round recreation including hiking, paragliding, mountain biking, golfing, windsurfing, tennis and sailing. The town is also known for its world class boutiques and Michelin-starred restaurants.