Z Capital Group’s private equity management unit, Z Capital Partners, has bought the Waldhaus Flims Mountain Resort & Spa in Switzerland.
Following the acquisition, Z Capital will upgrade Waldhaus Flims to a five-star luxury hotel, expand the spa and fitness facility, and develop an integrated medical wellness component for the resort.
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The company has not disclosed details of the deal.
Waldhaus Flims was established in 1877 in Flims Laax Falera, located around 140km from Zurich in the Swiss Alps.
Waldhaus Flims was originally established as an alpine summer spa hotel, and has access to main European cities, including those in Austria, Switzerland, Southern Germany, and Italy.
The hotel offers a golf course, hiking and mountain biking trails, skiing, and snowboarding. It also has a five-star spa with fitness facility, multiple rejuvenating pools, and treatment rooms.
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By GlobalDataFamous mountain scenery such as Rhine Gorge, popularly known as the Swiss Grand Canyon, and the Tectonic Arena Sardona, a UNESCO World Heritage site, are also located in the region.
Z Capital recently acquired Carillon Miami Beach hotel, a 150 room all-suite hotel.
Z Capital president and chief executive officer James Zenni said: "This property represents an ideal first international acquisition for Z Capital and I am confident that the Waldhaus Flims will become a leading Swiss luxury destination.
"Following our acquisition earlier this year of Carillon Miami Beach, a world-class beachfront hotel and luxury spa in Miami Beach, we are positioned to leverage our expertise and ensure that the Waldhaus Flims delivers an unparalleled experience."
The company also plans to attract visitors in Asia, India, and the Middle East to the newly acquired Waldhaus Flims.
Image: Waldhaus Flims Mountain Resort & Spa in Switzerland. Photo: courtesy of Waldhaus Flims
