Jumeirah Group is continuing its expansion in Europe by acquiring its first property in Switzerland.
The Dubai-based group has purchased the historic Le Richemond hotel in Geneva, which dates from 1875 and is located on the banks of Lake Geneva.
The group, part of Dubai Holding, said the 109-room property would now undergo a major renovation to “reposition and elevate the guest experience”, with this work expected to be completed in 2025.
Katerina Giannouka, CEO of Jumeirah Group, called this latest move an “important acquisition” for the company with Geneva being a “strategically significant” city.
Le Richemond will be Jumeirah’s fifth hotel in Europe – existing properties include Carlton Tower Jumeirah and Jumeirah Lowndes Hotel in London, plus properties on the Italian island of Capri and in Majorca, Spain.