Swiss billionaire Thomas Straumann announced that he sold the 57-room Grand Hotel Bellevue, located in Gstaad, Switzerland, to Daniel Koetser and Rudolf Maag.
The purchase price was not disclosed.
“I am very happy that my long-standing colleague Rudolf Maag and his son-in-law Daniel Koetser have decided to buy the hotel,” said Straumann, who announced in September that he was selling the hotel.
Koetser and Maag plan to retain the hotel’s current management team and name. Grand Hotel Bellevue along with the 101-room Grand Hotel Les Trois Rois Basel are marketed under the Spirit Hotels brand.