As a leading Swiss luxury hotel for almost half a year due to reconstruction of its easy-to-tight. The question is: What is missing after the cash? The half-yearly report of the Grand Resort Bad Ragaz AG, it shows: By the end of January until the end of June this year, the Grand Hotel Quellenhof for 45 million Swiss francs has been renovated with new air conditioning and two new Restaurants all around. As a result, sales of the whole hotel group of the principal shareholder, Thomas Schmidheiny (74) in comparison with the previous year, declined in this period, four million francs. This means a decline of 7.7 percent.

Schmidheiny, major shareholder of the cement group to Lafarge-Holcim, is one of several Swiss billionaires, who can afford expensive hotel projects in the top price class as an investment such as as a hobby. For this purpose, the Financier Urs E. schwarzenbach (71) with Zurich’s five-star hotel The Dolder Grand, as well as the Sandoz family Foundation, the founder, Edouard-Marcel Sandoz (1881-1971) with the Beau-Rivage Palace is a dream location in Lausanne, as well as the medical entrepreneur Thomas Straumann (56) with its commitment at the first house, in Basel the Trois Rois. All your Hostels, as well as the high prices, a high level of comfort, with excellence in catering. It is a sign of the times: The highest expense in top kitchens can afford, today, it is often only hotel companies with a good financial cushion.

Bad Ragaz – a meeting point of celebrities

The Grand Resort Bad Ragaz is in the Sarganserland is comprised of four Hotels, eight Restaurants, a medical centre, a casino, the Tamina Therme Spa and two of the most beautiful Golf courses in Switzerland. The system is internationally awarded as the best Spa-range, often the Resort is the meeting point of the celebrities: Tennis Star Martina Hingis married in the Quellenhof, the soccer Teams, from FC St. Gallen Borussia Dortmund and West Ham United, the Resort to use on a regular basis for their training camp and the restaurant guide Gault Millau gathered recently 16 top chefs with a total of 283 Gault-Millau-points to a culinary summit party.

While health services in the Trend, the resort’s rehab clinic is over 90 percent, is suffering the Casino, under the rising competition in the middle of the Principality of Liechtenstein, with a sales decline of nine percent down to 8.4 million Swiss francs.

additional services make the difference

In the highly competitive market of Swiss luxury hotel industry, there are increasingly additional services such as catering and health, the give in addition to the hotel comfort in the most affluent guests with the rash. A traditional Hotel-Restaurant meets the high demands of as little as a simple Spa. Schmidheiny in the Resort Ragaz on an additional range of medical services, with 70 Doctors and therapists. For culinary variety, seven different Restaurants to choose from: from simple self-service buffet, up to the top chefs, Sven Wassmer and the cuisine of Andreas Caminada.

How does the future look like for the second half of the year? Patrick Vogler (45), CEO of the Grand Resort Bad Ragaz AG: “With the two new Restaurants by Sven Wassmer, we give the culinary destination Bad Ragaz new back wind. I am very optimistic in the second half of the year.”