
Grace St. Moritz
LOCATION
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.