Zurich’s historic Savoy Baur en Ville hotel is set to join the Mandarin Oriental Hotel Group portfolio in 2024.
Managed by Credit Suisse, the hotel first opened in 1838, and is a landmark property on Paradeplatz, the main square in the city centre.
It sits in the heart of the old town, within the main business centre, close to the city’s leisure attractions and a short walk from the shores of Lake Zurich.
In early 2022, the hotel will close and undergo a comprehensive 2.5-year interior renovation to reposition the property as the market leader in the city. As part of the redesign, work will include reducing the total number of rooms from 104 at present to 80, providing more spacious accommodation.
Upon completion of the enhancement in 2024, Mandarin Oriental Hotel Group will manage and rebrand the property as Mandarin Oriental Savoy, Zurich.
The property will also feature three dining outlets, comprising an all-day dining venue, a speciality restaurant and a lobby lounge.
No alterations will be made to the façade of the hotel complex other than the change to the name of the building and a minor modification to the entrance area on Poststrasse.
“We are delighted to have the opportunity to bring Mandarin Oriental to this important European destination and to rebrand a well-established landmark,” said James Riley, Group Chief Executive of Mandarin Oriental Hotel Group. “This is a strategic city for the group, which consolidates and complements our regional presence in central Europe, including upcoming projects in Vienna and Lucerne.”
In a statement, Credit Suisse said the transfer of the hotel management to Mandarin Oriental will “secure the degree of continuity and professionalism required for the hotel’s operations, as well as providing access to a global network that has become of key importance to operate successfully in the highly competitive luxury hotel sector”.
Operational management of the hotel by Mandarin Oriental will not result in any changes to the ownership of the Savoy, which will continue to be owned by its existing shareholders.
Image source: Savoy Baur En Ville/www.savoy-zuerich.ch/en/