A strong Interhome Partnership to develop and promote the Swiss Alps.
Interhome the Swiss self-catering accommodation specialist, whose head-office is in Glattbrug, Zurich, together with the Swiss investment fund Mountain Resort Real Estate Fund (SICAV), based in Sion, Valais, are embarking on a new joint-venture. Over the next 10 years, this Interhome Partnership will develop at least 10 new holiday residences in the Swiss Alps, financed and managed by the investment fund, while the commercialisation and management on the national and international market of the complete portfolio of holiday residences, comprising approximately 4500 beds, under the brand Swiss Peak Resorts, will be handled exclusively by Interhome.
Interhome Partnership to create more Holiday Apartments in the Swiss Alps
Demand for high quality, good-value, self-catering accommodation in Swiss resorts is very high. Philippe Lathion’s vision, as catalyst and CEO of Mountain Resort Real Estate Fund (SICAV), is to develop a sustainable portfolio of functional holiday residences, across numerous well-known and up-and-coming Swiss ski resorts, that would be built close to the lifts and ski runs; a vision that has already seen results. He has managed, with the help of institutional investors, to raise over 60M CHF for the first two projects which will be built in Vercorin and Morgins in the Valais. The Mountain Resort Real Estate Fund (SICAV) will retain ownership of the Swiss Peak Resorts estate. Interhome, the Swiss self-catering accommodation specialist, has been given the exclusive distribution and management rights across all markets.
The construction of these first 2 residences in the Valais, in the resorts of Vercorin (470 beds) and Morgins (500 beds), will start in the spring of this year. The delivery of the finished residences comprising 2 to 4 buildings each, and the arrival of first guests, is expected in December 2017.
All of these holiday residences will be recognizable by their style, blending wood and stonework to create a cosy functional whole. Their implantation in resort will complement the existing offering and in no way compete against existing infrastructures. Building work will be completed by local companies. Supervision of the construction has been delegated by Mountain Resort Real Estate Fund (SICAV), a fund controlled and authorised by the FINMA(Swiss Financial Market Supervisory Authority) in 2014, to the company GEFISWISS SA, from Lausanne.
These two pilot projects in this Interhome partnership for high-end holiday residences in two Valaisain resorts; Vercorin just above Sierre for the first, and Morgins for the second, in the heart of the Portes du Soleil, a Franco/Swiss ski area that is the largest in the world, mark the start of an innovative Interhome partnership. Eight other Swiss Peak Resorts projects will follow across the Swiss alpine region – In the Valais, in the Bernese Oberland, in the Tessin and in the Grisons.