Z Capital Group's private equity management arm, Z Capital Partners, has acquired the Waldhaus Flims Mountain Resort & Spa in Flims, Switzerland. In a statement, Z Capital announced that it plans to upgrade the resort to a five-star luxury hotel and restore the Waldhaus Flims to "a dominant position in the Swiss market." The deal follows Z Capital's acquisition earlier this year of the Carillon Miami Beach. Terms of the transaction were not disclosed.
Originally built as an alpine summer destination spa hotel in 1877, the Waldhaus Flims is approximately 140 kilometers from Zurich in the resort town of Flims in the Swiss Alps.
Investment plans for the resort include expanding the spa and fitness facility and developing an integrated medical wellness component. A new F&B program is also in the works. Z Capital Partners will also expand the marketing reach of the hotel to target visitors in Asia, India, and the Middle East.
Z Capital Group has approximately $2.3 billion of regulatory assets under management.