St. Moritz voters say yes to Hotel La Margna development plans
Following a public vote, the comprehensive renovation and extension of the Hotel La Margna, adjacent to St. Moritz railway station, has been made possible. The people of St. Moritz have voted with a substantial majority in favour of re-assigning the period hotel to a new hotel zone appropriate to the re-development plans. Construction work is to begin in the coming…
The voters in St. Moritz cast 873 votes in favour of the re-zoning versus 112 against. The re-zoning has yet to be endorsed by the Cantonal government. Following that, renovation and remodelling including a new annex building which will add extra space to the hotel, can begin.
The application for the building permit is currently being prepared. Submission is planned for this autumn so that construction work can begin by spring 2016. Due to the necessary preparations for the refurbishment project, Hotel La Margna will remain closed this winter.
By the end of 2017, the hotel will offer its guests 60 modern hotel rooms, three restaurants and a spacious spa. Grace Hotels, a worldwide hotel group operating boutique hotels on four continents, has owned Hotel La Margna since 2013. The group regards ownership and management of Hotel La Margna as a long-term strategic investment for Grace Hotels.
“We thank the town government, the town parliament and, above all, the voters of St Moritz for their vote of confidence in our plans for this iconic hotel. The overwhelming yes indicates St. Moritz’s willingness to embrace renewal and positive change”, stated Constantine Logothetis whose family business owns Grace Hotels. “We look forward to beginning a new chapter for this much-loved Hotel La Margna Holdings GmbH, Via Serlas 5, 7500 St. Moritz, Switzerland property and to introducing a new generation of visitors tot he beauty and allure of this unique valley”.