Grace St. Moritz

Luxury Hotel in Switzerland
Moritz

LOCATION

Hotel Grace La Margna St. Moritz
Via Serlas 5, 7500 St. Moritz, Switzerland

ASSET DESCRIPTION

The La Margna hotel in St. Moritz, Switzerland, was acquired in 2013 for $30 million. In 2014, an extensive renovation program was executed to create Grace St. Moritz, a luxury hotel with a spa extending to over 8,000 square feet.

In 2016, a collection of 17 exclusive apartments serviced by the new Grace St. Moritz hotel was opened for sale through Savills Alpine Homes. Grace St. Moritz Apartments represented a rare long-term investment opportunity, with the local property market largely closed to overseas purchasers. A unique ownership concept enabled 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. It was a premier winter sports destination and one of Switzerland’s highest resorts at 5,900 feet.

It was sold in 2020 under a related holding company that has since been consolidated under Sparta Properties. The value of the total transaction was approximately $60 million.

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