Switzerland: Grace Hotels has bought the La Margna hotel in St. Moritz, and will renovate the building after the 2013/2014 ski season, adding serviced apartments.
The property has been privately owned by the Schweizer-Pitsch
family for the past 50 years. They are retiring from the hotel
business. The hotel will remain open as La Margna until the end of
the 2013/14 skiing season when an extensive renovation
programme will create the Grace St. Moritz hotel, and Grace
St. Moritz Residences.
On completion of renovations the hotel will have 36 rooms and suites, serviced apartments, three restaurants and a cigar bar. The hotel spa will be redesigned and will include a new gym, swimming pool and fully equipped ski room.
Grace Hotels CEO Philippe Requin said: "This is an iconic hotel in one of the world's most iconic resorts and a worthy addition to the Grace family. The Engadine Valley is an area of outstanding natural beauty while St. Moritz itself remains one of Europe's most exclusive destinations. Following its illustrious history, we are proud to be taking La Margna into the next chapter of its evolution."
Ursina Pitsch said: "While we are sad to be leaving the hotel after 50 glorious years, we couldn't be happier that La Margna finds itself in the hands of a group that shares our values and has demonstrated a track record for preserving the essence of historic hotels while infusing them with touches of modern luxury."