Tag: Resort

  • Andermatt Swiss Alps invests another 500 million Swiss francs

    Andermatt Swiss Alps invests another 500 million Swiss francs

    The Andermatt Swiss Alps Group posted a net profit of CHF 34.3 million in the 2022 business year, the company responsible for the development, realisation and operation of the holiday destination informs in a statement. A significant increase in property sales and a one-off effect from the entry of Vail Resorts into Andermatt-Sedrun Sport AG contributed to this. In the previous year, a loss of 8.0 million Swiss francs had been incurred.

    “The fact that we were able to post a profit for the first time, including the one-off gain from the transaction with Vail Resorts, Inc. is a milestone for the Andermatt Swiss Alps Group,” CEO Raphael Krucker is quoted as saying in the statement. “We are confident that the Andermatt Swiss Alps Group is optimally positioned and will continue to develop positively in the future.”

    So far, the group has invested a total of around CHF 1.4 billion in the destination. Now, further investments of around 500 million Swiss francs are planned. This year, Swiss Andermatt Alps will start the construction of six new apartment buildings. In addition, initial work is planned for a new lifestyle and sports hotel. In the Andermatt Reuss part of the village, a new shopping and gastronomy zone is to be built by the end of next year.

  • Graubünden gets a new tourist center in Sedrun

    Graubünden gets a new tourist center in Sedrun

    Andermatt Swiss Alps AG intends to invest on the Graubünden side of the Oberalp Pass for the first time: in a unique location at the end of the valley in Sedrun/Dieni, 13 buildings with 410 hotel rooms are to be built on the site of today’s car park opposite the Dieni valley station of the Andermatt-Sedrun SkiArena by 2027 develop. Of these, 204 hostel and 206 double and triple rooms are planned. 119 additional residential units are for sale and are managed for tourism. The units vary in size from the studio to the 5.5 room apartment. Resort Dieni Development AG, which is owned by Andermatt Swiss Alps AG (ASA), has submitted a planning application for this.

    "The Dieni resort is a pioneering project that sets new standards in the region and in the canton of Graubünden," says Raphael Krucker, CEO of Andermatt Swiss Alps AG. A total of 1,800 beds are planned – as well as 478 parking spaces, 150 of which are available for guests of the SkiArena Andermatt-Sedrun. The resort also includes three restaurants, two bars, various retail areas and leisure facilities such as spa, bowling, bouldering, cinema, fitness and gaming. "Andermatt Swiss Alps AG is investing CHF 170 million in this," continues Raphael Krucker. The number of hotel beds in Surselva has increased by over 20 percent.

    With the Resort Dieni, the tourist offer in Sedrun is supplemented in the direction of inexpensive apartments and hotel rooms geared towards families/groups. The resort is designed for young families and groups. With ski-in/ski-out and the alpine experience on the mountain in Dieni/Sedrun, a new tourist center is being created in the canton of Graubünden. Mayor Martin Cavegn: “This major project is a milestone for the community of Tujetsch and the whole of Surselva. In order to be able to keep up with the competition, new hotels and managed holiday apartments are needed.»

    The new part of the village will be embedded in a spacious landscape with a view down the valley and into the mountains. The location directly on the year-round train connection Chur-Andermatt and the most modern and largest ski area in the Gotthard area as well as the year-round accessibility by road make the location unique. In addition, the municipality is creating a bus connection between Sedrun and Dieni.

    For the Dieni resort, the aim is to build and operate as sustainably as possible. This includes the choice of sustainable materials, but also state-of-the-art operation. The resort is CO 2 neutrally heated by a wood pellet heater; 50 percent of the roof area will be equipped with 1,500 m2 of photovoltaics. The developer is Resort Dieni Development AG (RDD) owned by Andermatt Swiss Alps AG (ASA), and the operator is also ASA or its partner company from the Orascom Group, Orascom Hotel Management. A third party as a joint venture partner is conceivable.

    Andermatt Swiss Alps AG will invest around CHF 350 million in its core business of real estate and tourism infrastructure over the next few years in order to implement the vision of "The Prime Alpine Destination". In addition, 149 million Swiss francs will be spent from the partnership with Vail Resorts, Inc. With their many years of experience in developing ski areas, the guest experience on the mountain is improved with new lifts, additional snowmaking and new restaurants.

  • Swiss construction, sales and operating company plans 1800 beds in the Surselva

    Swiss construction, sales and operating company plans 1800 beds in the Surselva

    At the Dieni valley station of the SkiArena Andermatt-Sedrun, a new tourist village is to be built by 2027. According to a press release , Andermatt Swiss Alps (ASA) intends to invest CHF 170 million in this area of the municipality of Tujetsch. This is the first time the company is planning a project on the Grisons side of the Andermatt-Sedrun winter sports area.

    The planned resort will include 13 sustainably constructed buildings with 410 hotel rooms of different categories. 119 additional residential units are for sale and are managed for tourism. A total of 1,800 beds are planned, as well as three restaurants, two bars, various retail areas and leisure facilities.

    The number of hotel beds in Surselva will thus increase by 20 percent. "This major project is a milestone for the municipality of Tujetsch and the whole of Surselva," said Mayor Martin Cavegn. There will be an information evening for the public on August 19th.

    With the Dieni resort, the tourist offer will be "supplemented in the direction of inexpensive apartments and hotel rooms geared towards families/groups", according to ASA. The client is Resort Dieni Development AG. It is a 100% subsidiary of Andermatt Swiss Alps. The company acts as operator with its partner company Orascom Hotels Management . The latter has offices in Altdorf UR and Cairo and belongs to the Egyptian Orascom group .