Dragoș and Adrian Pavăl, the owners of the Dedeman group, are expanding their presence in the Swiss luxury tourism market by acquiring land adjacent to the five-star Waldhaus Flims resort. The transaction, valued at 4 million Swiss francs, involves a plot of 6,582 square meters 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 facilities, including potential serviced apartments. If these units are sold, the agreement stipulates that 20% of the generated profit will be redirected to the Waldhaus complex investment fund, up to an accumulated amount of 3 million Swiss francs.
The land is subject to an easement established in 2016 that expires on December 31, 2026, prohibiting competing activities such as spa, massage, or salon services. The municipality of Flims has secured a 25-year preemption right, requiring the parcel to maintain its hospitality profile. Additionally, the developer will pay financial compensation of an unspecified amount to Tinoph AG for previous preparatory work conducted on the site.
Frequently Asked Questions
What is the value of the land acquired by the Pavăl brothers?
The transaction is valued at 4 million Swiss francs for a plot of 6,582 square meters adjacent to the Waldhaus Flims resort.
When will the development of the new accommodation units begin?
Demolition of the existing curling arena and subsequent construction are planned after the site is vacated in the spring of 2027.
What restrictions apply to the acquired land in Flims?
The land is subject to a non-compete easement expiring in late 2026 and a 25-year preemption right held by the Flims municipality ensuring its hospitality use.