Riccardo Dallolio, Managing Director and Head of HIG Europe Realty in London, commented: “This is our first transaction in Switzerland and it demonstrates our ability to source high-quality value-add opportunities in core European markets. After the implementation of a major renovation program and the re-branding of the hotel, we believe this asset will be in a strong position to capture the recovery in leisure, events and corporate sectors”.
Baptiste Boye-Moller, Principal at HIG Europe Realty, added: “This investment is yet another example of our commitment to the European Hotel & Leisure market. H.I.G. is aggregating a sizable portfolio of hotel assets in the DACH and Scandinavian regions, which benefit from attractive fundamentals, supported by a strong local demand-based”.