The very financially troubled InterContinental opened in 2013, and the management company filed for bankruptcy protection six months later and handed back the keys to Credit Suisse.
The hotel has continued to operate as InterContinental Davos seasonally, closed for summer months, despite all the turbulence surrounding its finances. The week of four days of the World Economic Forum tends to bring 20% to 30% of the yearly profits.
A statement that Alpen Gold has up on its website:
InterContinental Davos becomes AlpenGold Hotel. Thank you for your interest. Unfortunately, the hotel is currently closed. We look forward to welcoming you back in winter 2021/22. For individual information, please contact our Front Office Team: firstname.lastname@example.org
The hotel was purchased by Aevis Victoria SA based in Friburg (Switzerland) in 2019, and the owner has now decided to reflag the 216 room hotel as Alpen Gold from the 2021 season. According to the IHG’s page, the hotel is set to open in December 2021, but this brand change may change the opening date too.
The InterContinental Davos page returns a blank page on intercontinental.com.
But there is still a page up on IHG’s main site.
Here are previous problems we have reported:
Aevis Victoria operates nine luxury hotels in Switzerland, and this Alpen Gold is their tenth.
Perhaps the IHG was not the right operator and InterContinental the right brand for this unique hotel in Davos that was closed for half of the year.
It started to have financial and operations problems right after opening (sudden closures) outside of the most lucrative winter season. Let’s hope that it will flourish under the new ownership and as Alpen Gold.