Munich-based property group Arabella Hospitality is strengthening its presence in Switzerland with the development of a new hotel complex in partnership with Starwood Hotels & Resorts. Located in Zurich, the new project will be part of Arabella's 80-metre high Hard Turm Park tower project and will be delivered in the spring of 2013 as a Sheraton Zurich hotel.
The Grand Hotel Imperiale in Forte dei Marmi, Italy has been sold to UAE-based real estate company Emaar Properties, owner of renowned buildings such as the Burj Khalifa and the Dubai Mall.
