Is the Dolder Grand luxury hotel for sale?

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It’s Switzerland’s luxury hotel and will soon be sold at a fraction of its price. At least that’s what the “Inside Paradeplatz” job portal claims.

For years there have been rumors that the luxury hotel Dolder Grand, above the city of Zurich, will be sold. What’s special about the latest rumors is the circulating price. According to the online portal, luxury property in Zurichberg will change hands for just 700 million francs. It is said, citing an unspecified source that no trade has yet been made but that a preliminary contract has been signed.

According to media spokesperson and attorney Sacha Wigdorovits, this representation is “ridiculous,” as she told “NZZ.” The Dolder owner was unaware of such a preliminary agreement. But the owner of the hotel is basically not against the sale. Every few months you receive an offer from a supposedly interested party. According to Wigdorovits, this never materialized.

Purchase price 1.2 billion

“Since previous purchase offers have always been hot weather, we tell the alleged parties that they must first pay 10 million francs into a blocked account in order to prove the seriousness of their purchase intentions,” Wigdorovits says. As a result, nothing more than interested buyers was heard. For NZZ, he calculates that the selling price of the Dolder Grand should be around 1.2 billion francs.

This price does not include the artwork left in the Dolder Grand after a spectacular raid by the customs office.

High government debts

“Inside Paradeplatz” claims that Dolder’s owner, Urs E. Schwarzenbach (75), is in urgent need of liquid funds. That’s why he wants to sell the hotel even below its value.

Schwarzenbach had to pay CHF 120 million in taxes to the canton of Zurich by 2022 after the federal court ruled against him in two cases. The financier, art collector, and hotel owner has been involved in various legal disputes over the years. (he)

Source :Blick