Jumeirah Group acquires hotel in Switzerland
Jumeirah Group, a global luxury hotel company and member of Dubai Holding, has announced the acquisition of its first property in Switzerland, continuing its growth trajectory and international expansion. The flagship Hotel Le Richemond, founded in 1875, is located on the shores of Lake Geneva, in the heart of the city’s business district, within walking distance of luxury designer boutiques. The acquisition is part of the Group’s strategy to strengthen the brand’s profile globally.
The move demonstrates Jumeirah’s commitment to investing in key cities that help diversify its portfolio and strengthen the brand’s reputation as a globally recognised luxury hotel operator. Geneva, as a thriving city synonymous with luxury living, with a strong international business community and a developed high-end tourism sector, will support Jumeirah’s vision to become one of the world’s top five luxury hotel brands.
The Art Deco style hotel with its charm and grandeur has been a popular destination for celebrities over the years. The hotel has 109 keys, of which 87 rooms and 22 suites, offering stunning views of Lac Leman and the Mont Blanc peaks. The hotel will undergo a major refurbishment, starting as soon as possible, to transform and elevate the guest experience to match the expectations of the Jumeirah brand. Jumeirah plans to introduce its signature wellness and fitness concepts as well as focus on bringing its culinary expertise to the shores of Lake Geneva.
Katerina Giannouka, CEO of Jumeirah Group, said: “This is an important acquisition for Jumeirah as it marks our entry into the Swiss market, providing guests with a prestigious address to stay in the heart of Geneva’s most attractive city, as well as serving as a gateway to world-renowned ski resorts. Le Richemond is a legendary hotel with 140 years of heritage and an impeccable pedigree, and we strive to preserve this heritage when renovating the hotel. We are seeking the best architects and designers to create an exceptional hotel in the Jumeirah portfolio, and we are confident that once the planned renovations (currently expected to be completed in 2025) are completed, this hotel will once again be a new ultra-luxury hotel in Geneva that will support the city’s tourism economy, attracting both domestic and international visitors for business and leisure.”
Jumeirah’s new facility in Geneva is its fifth in Europe, alongside The Carlton Tower Jumeirah and Jumeirah Lowndes Hotel in London, UK; Capri Palace Jumeirah on the island of Capri, Italy; and Jumeirah Port Soller Hotel & Spa in Mallorca, Spain. Jumeirah Group, based in Dubai (United Arab Emirates), has a portfolio of 26 hotels and resorts in Europe, the Middle East and Asia.
Jumeirah Group is a member of Dubai Holding, a diversified global investment company with operations in more than 13 countries, employing more than 20,000 people and with an extensive portfolio of over AED 130 billion of assets contributing to the diversification and sustainable growth of Dubai’s economy in key sectors.
.@Jumeirah Group, the global luxury hospitality company & member of @dubaiholding, announces the acquisition of its 1st property in Switzerland, @Le_Richemond, a flagship property founded in 1875, as it continues its growth trajectory and int'l expansion.https://t.co/9PrKlP5txU pic.twitter.com/zdG5fByBjf— Dubai Media Office (@DXBMediaOffice) February 6, 2023
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