NEW YORK—Grace Hotels, the privately owned luxury hotel group, has acquired the historic La Margna hotel in the heart of St. Moritz, Switzerland. During 2014 the company will undertake an extensive program of renovation and transformation to create Grace St. Moritz—a luxury hotel, and Grace St. Moritz Residences— serviced residences.
La Margna, built in 1906, is one of the landmark hotel buildings in St. Moritz which remains a winter destination as well as being a spotlight for winter sports since its establishment in the late 19th Century.
The hotel has been privately owned by the Schweizer-Pitsch family for the past fifty years. The family is now retiring from the hotel business, passing guardianship of La Margna to Grace Hotels. The hotel will remain open as La Margna until the end of the 2013/14 skiing season.
On completion of renovations the hotel will comprise 36 rooms and suites plus several serviced apartments with views of the lake. It will have three restaurants—the premier restaurant will be an all-new internationally branded fine dining experience. There will also be a classic Swiss restaurant specializing in local cuisine, and a more casual restaurant offering all-day dining, plus a new martini and cigar bar.
The Grace St. Moritz Spa will be completely redesigned and include a new gym and swimming pool with dramatic architectural features. The skiing facilities will also be upgraded with a fully equipped ski room.
Commenting on the addition of Grace St. Moritz to the group’s portfolio, Grace Hotels’ CEO, Philippe Requin stated: “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.”