Immofinanz Withdrawsfrom Swiss Hotel Market

Professional ServicesReal Estate ♦ Published: February 18, 2013; 15:49 ♦ (Vindobona)

The Austrian real estate group sells Kempinski Residences and Hotel as well as the Grand Hotel in St. Moritz.

Immofinanz Withdrawsfrom Swiss Hotel Market / Picture: ©

Immofinanz Group announces the signing of a purchase contract for 100% of the shares in Les Bains de St. Moritz Holding AG. The transaction is expected to close in March 2013, and the parties have agreed not to reveal any information on the buyer or the purchase price.

“This sale underscores the functioning of our concept of a real estate machine and the steady implementation…