Jumeirah, a member of Dubai Holding, has
acquired Le Richemond hotel in Geneva, the group’s first property
in Switzerland.
Founded in 1875, the hotel is located on the banks
of Lake Geneva in a prime location at the heart of the city’s
business district and a short walk from the city’s luxury designer
boutiques.
The art deco hotel features 109 keys with 87 rooms
and 22 suites, boasting views across Lac Léman and the
mountain peaks of Mont Blanc.
Expected to soon undergo extensive renovations, Jumeirah
has plans to introduce
its signature wellness, fitness and F&B concepts to the property.
The acquisition signals Jumeirah’s appetite for
investment in key cities that support the diversification of its
portfolio and its goal of
becoming one of the world’s top five luxury hotel brands.
“This is an important acquisition for Jumeirah as
it marks our entry into Switzerland,” said Katerina Giannouka,
Chief Executive Officer of Jumeirah Group. “Le Richemond is a legendary property
with a 140-year legacy and impeccable pedigree, and we are
committed to preserving this heritage as we redesign the hotel. We
are in pursuit of the finest architects and designers to curate an
exceptional hotel within the Jumeirah portfolio, and we are
confident that the re-launch of this property as a new
ultra-luxury hotel in Geneva following the completion of the
planned renovation works (currently expected in 2025), will
support the city’s tourism economy, attracting both domestic and
international visitors for business and leisure.”
Jumeirah’s new property in Geneva is its fifth in
Europe, joining The Carlton Tower Jumeirah and Jumeirah Lowndes
Hotel in London, England; Capri Palace Jumeirah on the island of Capri,
Italy; and Jumeirah Port Soller Hotel & Spa in Mallorca, Spain.
The group currently has a portfolio of 26 hotels and resorts across Europe,
the Middle East and Asia.
“As the gateway to the
mountains of Europe, Geneva is strategically significant for us as
we look to diversify our portfolio in major cities with both
summer and winter resort destinations,” added Giannouka.
