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Historic Zurich Hotel Reopens with Mandarin Oriental as UBS Takes Over

  1. Home
  2. Bobs-News Categories Company News
  3. Historic Zurich Hotel Reopens with Mandarin Oriental as UBS Takes Over
  • bob
  • 2023-12-21
  • Company News
  • Europe
  • Market Analysis and Predictions
  • Mergers and Acquisitions (M&A)

The historic Baur en Ville hotel in Zurich has reopened its doors after undergoing extensive renovations. The hotel, which was originally opened in 1838 by Johannes Baur, has a rich history and is now under the management of the Chinese luxury hotel group Mandarin Oriental. With a total of 170 rooms, the hotel has been transformed into a symbol of luxury in the heart of Zurich’s banking district.

After a period of closure from 1975 to 1978 for major renovations, the Baur en Ville has once again undergone a significant transformation. The fully renovated interior and the new management team, led by Mark Bradford, are set to redefine luxury in the city. The Mandarin Oriental Hotel Group, known for its exceptional service and attention to detail, aims to bring a new level of luxury to Zurich’s Paradeplatz.

Owned by UBS, the acquisition of the Baur en Ville was not initially planned. However, as part of the state-mandated takeover of Credit Suisse, UBS inherited the hotel. The Savoy Baur en Ville has played an important role within the Swiss banking industry, frequented by top managers for discreet meetings and dining.

UBS CEO Sergio Ermotti expressed pride in contributing to the success of the Savoy Baur en Ville, despite not anticipating owning a hotel again. UBS previously owned another five-star hotel in Zurich, the Widder Hotel, but sold it as it believed that a hotel was not part of its core business. The Widder Hotel is now managed by “The Living Circle” group.

The new general manager of the Mandarin Oriental Savoy, Mark Bradford, brings extensive experience from his time at the Mandarin Oriental Bangkok. He is excited about opening a hotel in Zurich’s Paradeplatz and emphasizes that while the hotel’s interior has been updated, the spirit of the house remains unchanged.

The reopening of the Savoy Baur en Ville introduces a new level of luxury to Zurich. Guests can now enjoy the hotel’s rooftop bar, which is among its new features. With its rich history and commitment to luxury, the Baur en Ville is poised to become a premier destination for discerning travelers in Zurich.



This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography Europe
Countries 🇨🇭
Sentiment very positive
Relevance Score 1
People Kurt Wachtveitl, Dario Moresco, Charles Dickens, Antonio Guida, Mark Bradford
Companies None
Currencies None
Securities None

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