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The traditional Savoy Hotel Baur en Ville, owned by Credit Suisse, will close in early 2022. Two years later, it resumes operations under a different name.
The Savoy Hotel Baur en Ville, next to the Hyatt, the only luxury hotel in the center of Zurich, will in the future be managed by Asian Mandarin Oriental Hotel Group. However, the handover of operational management is not intended to change the ownership structure of the Savoy: Credit Suisse (CS) remains the main shareholder of the Savoy. The big bank announced this on Monday.
The change of direction is preceded by a comprehensive interior reform. The five-star hotel on Zurich’s Paradeplatz will close its doors in early 2022, only to reopen two and a half years later under the name “Mandarin Oriental Savoy Zurich.”
Fewer rooms, new lobby
The interior equipment is based on plans by the Parisian interior designer. Tristan auer. The construction project plans to manage the hotel with 80 rooms instead of the current 104 rooms and redesign them in their entirety.
The meeting and event rooms on the first floor are also included in the renovation. The lobby and the catering concept are being completely redesigned.
With Mandarin Oriental taking control of hotel management, the hotel ensures the necessary continuity and professionalism, as well as the global network, which is vitally important for survival in the competition of the luxury hotel industry, according to CS .
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Yes, but only half of your planned dividends.
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