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Acquisitions & Hotel Openings

Six Senses Plans First Swiss Ski Resort, Six Senses Crans-Montana, Slated to Open in 2020

BANGKOK, TH. July 10, 2017 – Six Senses Hotels Resorts Spas is delighted to announce plans to open its first resort in Switzerland.

Upon completion, the 47–room Six Senses Crans-Montana will operate under a long-term management agreement. The resort marks a significant milestone for Six Senses development and will be in one of the region’s most prominent ski areas. Located in the canton of Valais, Geneva is located two hours away by car and train.

“We are thrilled to collaborate with 1875 FINANCE, project coordinator and Investor representative, and are eager to expand our presence in Europe. This project will offer an amazing selection of outdoor activities including onsite ski-in and ski out access plus a rich wellness offering. The resort nicely complements Six Senses Douro Valley in Portugal, Six Senses Residences Courchevel in France as well as the seven award-winning Six Senses spas in Europe in Paris, Crete, Mykonos, Marbella, Gstaad, Courchevel and in the premium lounges of Etihad at London’s Heathrow Airport, “said President Bernhard Bohnenberger of Six Senses Hotels Resorts Spas.

Resort accommodations include 47 guest rooms and suites, with 17 Six Senses residential units already available for purchase. They include three-bedroom loft units and four-bedroom configurations which are being sold on-plan and marketed by BARNES. They have the special Crans-Montana provision that allows 13 of them to be bought by foreigners as second homes. This is one of the last construction projects in Switzerland that is able to offer residences for sale to foreigners.

Two restaurants are planned as well as a sun terrace and bar and retail space. Wellness offerings at the resort include a 22,000 square foot spa specializing in alpine treatments, gym and fitness studio, pool and suspended relaxation area. The spa will also include a dedicated area for children and teen treatments.

Consistent with Six Senses sustainability focus, recycled, local materials will be selected by the architect and design teams and repurposed materials will be used in the manufacture of finishes including flooring, millwork and fabrics. Energy and water conservation also plays a key role in the project’s design. Efficient lighting, lighting controls, ozone protection and renewable energy sources will be featured at the resort. The design team is dedicated to establishing energy efficient systems and equipment integrated throughout the design, following Six Senses sustainability guidelines as a minimum. Black and grey water systems are to be included into the infrastructure of the project ensuring that wastewater is not wasted, but reused within the building operations. Rainwater will also be collected for treatment and use.

Grégory Marchand, managing director of Barnes, the prestigious international property sales agents partnering with the development said, "Six Senses Crans-Montana is a unique project that gives a new dynamic to the location. Residents will have access to all the amenities of the hotel, which includes an internationally renowned spa, restaurants, fitness facilities and more. The overriding objective in the tourism policy is to attract and most importantly keep residents throughout the year. With Six Senses Crans-Montana, the proposed strategy is the solution to combat the concern that there could be periods of low occupancy."

Aksel Azrac, partner of 1875 FINANCE, who is in charge of the multi-family office, added, "We are delighted to be able to coordinate and guide our investors, in collaboration with Six Senses, in a magnificent project and the dynamism of the location.”

Six Senses Crans-Montana is slated to open in 2020.

About Six Senses Hotels Resorts Spas

Six Senses Hotels Resorts Spas operates 11 resorts and 31 spas in 20 countries under the brand names Six Senses, Evason and Six Senses Spas. Six Senses operates resorts in far-flung locations of incredible natural beauty known for their distinctive and diverse design personalities. Each of the nine properties is supported by a leadership commitment to community, sustainability, wellness and design. Six Senses hotels which share the same vision and values found at their award-winning resorts will premiere in the group’s first urban location, New York City, in 2019. Six Senses Spas offers a wide range of holistic wellness, rejuvenation and beauty treatments administered under the guidance of expert therapists. Six Senses Spas are located in all Six Senses and Evason resorts; 18 additional standalone spas are located in prestigious hotels and resorts as well as the premier class lounges of two major airports. Evason introduces a collection of two unique resorts that follow the Six Senses philosophy of uncompromised responsibility to sustainability and to the community. Family friendly, these properties also provide a strong value focus while offering a vast array of guest services and personal attention.

About 1875 FINANCE

1875 FINANCE is an independent financial company and world leader in asset management headquartered in Geneva. By opting for open architecture and offering a unique skill set, 1875 FINANCE can thus independently serve three types of client, which are both separate and complementary: private clients, the multi-family office and institutional clients. Corporate finance and private equity activities will be added to its business of asset management – based on a proprietary asset allocation model – and the family office specialists, enabling 1875 FINANCE to assist its clients in all issues relating to their wealth. This model has allowed the company to substantially increase its assets under management in the last few years. 1875 FINANCE, which has 70 employees, today manages CHF 7 billion for its Swiss and international clients. The company obtained FINMA accreditation in 2014, making it an authorised collective investment manager in Switzerland. In 2014, it also achieved a Family Office licence from CSSF in Luxembourg. 1875 FINANCE holds asset manager status and a European passport. (2016). It manages mandates from various European countries out of its Luxembourg office. 1875 FINANCE also operates out of Hong Kong and is now established in Zurich.

Contact:
Emma Silverman
emma@elevensixpr.com
646-780-0159

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Hotel Law: Issues & Events
There is not a single area of a hotel’s operation that isn’t touched by some aspect of the law. Hotels and management companies employ an army of lawyers to advise and, if necessary, litigate issues which arise in the course of conducting their business. These lawyers typically specialize in specific areas of the law – real estate, construction, development, leasing, liability, franchising, food & beverage, human resources, environmental, insurance, taxes and more. In addition, issues and events can occur within the industry that have a major impact on the whole, and can spur further legal activity. One event which is certain to cause repercussions is Marriott International’s acquisition of Starwood Hotels and Resorts Worldwide. This newly combined company is now the largest hotel company in the world, encompassing 30 hotel brands, 5,500 hotels under management, and 1.1 million hotel rooms worldwide. In the hospitality industry, scale is particularly important – the most profitable companies are those with the most rooms in the most locations. As a result, this mega- transaction is likely to provoke an increase in Mergers & Acquisitions industry-wide. Many experts believe other larger hotel companies will now join forces with smaller operators to avoid being outpaced in the market. Companies that had not previously considered consolidation are now more likely to do so. Another legal issue facing the industry is the regulation of alternative lodging companies such as Airbnb and other firms that offer private, short-term rentals. Cities like San Francisco, Los Angeles and Santa Monica are at the forefront of efforts to legalize and control short-term rentals. However, those cities are finding it’s much easier to adopt regulations on short-term rentals than it is to actually enforce them. The December issue of Hotel Business Review will examine these and other critical issues pertaining to hotel law and how some companies are adapting to them.