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This is a mega project and aims to put Zermatt VS on the map of international luxury hotel chains: the construction of a Ritz-Carlton hotel with 69 rooms and suites, two restaurants and two bars for a quarter of a billion francs. The initiator, Mario Julen (60), bought 14,000 square meters of land at the foot of the “Horu” for twenty years. The opening is planned for 2026. The project has now been pushed back over the years.
The reason: A partnership with real estate developer Acron, based in Zurich and Düsseldorf, collapsed. “It was decided on both sides that further cooperation would not be productive,” says the Julen Group.
Conflicts between parties
But now you realize that the two parties did not fit together from the very beginning: “On the one hand, a visionary, locally committed entrepreneur, and on the other hand, a mandated investment company at the near end. Some are building for the long term, some for exit,” he says in Zermatt. “In retrospect, it can be admitted that a lot of time could have been saved on both sides.” Acron does not want to comment on this. Now the project is starting from square one again. When you ask around the village You can understand that many Zermatt residents are not happy about this situation at all: Many people were skeptical from the beginning about the arrival of the first major international hotel group (Ritz-Carlton is part of the Marriott Group).
However, now the partnership signed with Ritz-Carlton in 2021 is also on shaky ground. Julen made disparaging comments about the band in a video interview with industry portal “Hotel Inside” at the beginning of January: “I’d rather go bankrupt and go bankrupt all the time than do it badly and give some people an instrument that makes money doing it.” “I don’t want to win, I want to give people a platform where they can calm down and realize their worth.” A Ritz-Carlton spokesman reacted coolly: “We are still legally obligated to honor our agreements, so the project must continue to run.” The Julen Group says they will reunite in the “foreseeable future.”
Client under police custody
The fact that Mario Julen threatened those around him with a knife at the end of January also makes cooperation with potential partners even more difficult. The cantonal police asked various members (the Julen tribe has large branches in Zermatt) to get to safety.
Shortly after, he took Julen into police custody. Although the events have been on the town’s agenda ever since, local media did not report on them or the collapsed project. Zermatt is holding together outside as always.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
