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Tue, 7 February 2023

Jumeirah Acquires Luxury Hotel in Geneva, Switzerland

(07/02/23)  Jumeirah, a member of Dubai Holding, has acquired Le Richemond hotel in Geneva, the group's first property in Switzerland.

Founded in 1875, the hotel is located on the banks of Lake Geneva in a prime location at the heart of the citys business district and a short walk from the citys luxury designer boutiques.

The art deco hotel features 109 keys with 87 rooms and 22 suites, boasting views across Lac Lman and the mountain peaks of Mont Blanc.

Le Richemond Hote in Geneva, Switzerland. Click to enlarge.
Le Richemond Hote in Geneva, Switzerland

Expected to soon undergo extensive renovations, Jumeirah has plans to introduce its signature wellness, fitness and F&B concepts to the property.

The acquisition signals Jumeirahs appetite for investment in key cities that support the diversification of its portfolio and its goal of becoming one of the worlds top five luxury hotel brands.

This is an important acquisition for Jumeirah as it marks our entry into Switzerland, said Katerina Giannouka, Chief Executive Officer of Jumeirah Group. Le Richemond is a legendary property with a 140-year legacy and impeccable pedigree, and we are committed to preserving this heritage as we redesign the hotel. We are in pursuit of the finest architects and designers to curate an exceptional hotel within the Jumeirah portfolio, and we are confident that the re-launch of this property as a new ultra-luxury hotel in Geneva following the completion of the planned renovation works (currently expected in 2025), will support the citys tourism economy, attracting both domestic and international visitors for business and leisure.

Jumeirahs new property in Geneva is its fifth in Europe, joining The Carlton Tower Jumeirah and Jumeirah Lowndes Hotel in London, England; Capri Palace Jumeirah on the island of Capri, Italy; and Jumeirah Port Soller Hotel & Spa in Mallorca, Spain.

The group currently has a portfolio of 26 hotels and resorts across Europe, the Middle East and Asia.

As the gateway to the mountains of Europe, Geneva is strategically significant for us as we look to diversify our portfolio in major cities with both summer and winter resort destinations, added Giannouka.

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