Grace St. Moritz Switzerland

Grace Hotels acquired La Margna, a landmark St. Moritz property, built in 1906. The renovation and extension of an annex building will transform the property into the Grace St. Moritz and St. Moritz Residences. When it opens, the hotel will have 56 guest rooms and suites, plus 17 several serviced apartments with views of the lake.

It will also have three restaurants. The spa will be redesigned and a new gym and swimming pool will be added. Ski facilities will also be upgraded. The hotel has been owned by the Schweizer-Pitsch family for 50 years, who are reportedly retiring from the hotel business. Construction is slated to continue on this property throughout 2019 and much of 2020 as well, with a targeted opening date of later that year.