Pan-European real estate investment firm Maya Capital is expanding its hospitality footprint with the acquisition of a three-star Swiss hotel for a five-star redevelopment project.
Maya Capital has agreed to buy the Hotel Belmont in Crans-Montana, Switzerland, with a plan to invest over CHF50m (€54.4m) to transform the asset.
Subject to planning permission, the current 42-room and three-apartment property will be upgraded to feature a new restaurant, bar and wellness facility.
The hotel directly overlooks the Crans-sur-Sierre golf course and is close to the resort’s ski slopes.
David Pralong, managing director at Maya Capital, said: “Hotel Belmont is exactly the type of opportunity we target. It is a well-located asset in a high-barrier-to-entry market with significant potential to create a differentiated luxury product.
“Crans-Montana is a premier alpine destination with strong international demand, yet has limited five-star supply, making this a compelling repositioning opportunity.”
To read the latest IPE Real Assets magazine click here.
