Brothers Dragoș and Adrian Pavăl, the owners of the Dedeman group, are expanding their footprint in Switzerland’s luxury tourism market by acquiring land adjacent to the five-star Waldhaus Flims resort. The transaction, valued at CHF 4 million, covers a 6,582-square-meter plot intended to increase the accommodation capacity of the Alpine hotel complex.
The development plan entails demolishing the current curling arena after it is vacated in the spring of 2027 and constructing new accommodation units, potentially including serviced apartments. In the event these units are sold, the agreement stipulates that 20% of the profit will be redirected to the Waldhaus complex’s investment fund until reaching an accumulated sum of CHF 3 million.
The land is subject to an easement established in 2016, expiring on December 31, 2026, which prohibits competing activities such as spa services, massages, or salons. The municipality of Flims holds a 25-year preemption right, requiring the parcel’s hospitality purpose to be maintained. In addition, the developer will pay financial compensation, the amount of which is yet unspecified, to Tinoph AG for preparatory works previously carried out on the site.
Frequently Asked Questions
What is the value of the land acquired by the Pavăl brothers?
The transaction is valued at CHF 4 million for a 6,582-square-meter plot next to the Waldhaus Flims resort.
When will construction work on the new accommodation units begin?
The demolition of the curling arena and construction of new facilities are scheduled to begin after the site is vacated in spring 2027.
What restrictions and conditions apply to the land in Flims?
The land is subject to a non-compete easement valid until the end of 2026 and a 25-year preemption right held by the Flims municipality to ensure hotel use.