Paval Holding and Apex Alliance have acquired Waldhaus Flims Wellness Resort in Switzerland

The Romanian multi-business company Paval Holding, in partnership with the Lithuanian group Apex Alliance, announces the signing of an agreement to acquire the Waldhaus Flims Wellness Resort, a renowned luxury destination located in the Swiss Alps.

With this acquisition, Paval Holding will mark its second high-profile international investment, following the acquisition of the historic Grand Hotel Gardone in Italy in 2023. Meanwhile, Apex Alliance will expand its portfolio to 17 hotels across Europe, including global brands such as Hilton, Marriott, and Radisson.

The future owners have announced plans for improvements to the Waldhaus Flims Wellness Resort, with the goal of re-opening it as a luxurious 5-star property and welcoming its first guests in 2025. Scheduled to commence in 2024, this investment plan will enhance the resort’s facilities

“We are pleased to announce the acquisition of the renowned Waldhaus Flims Wellness Resort, a strategic addition to our portfolio of properties with deep heritage and distinctive character. We see tremendous potential in revitalizing this iconic resort to meet the increasingly sophisticated demands of modern travelers. Together with Apex Alliance, we are committed to transform Waldhaus Flims into a premier destination that harmonizes luxury, relaxation, and adventure amidst the stunning alpine landscape of Flims-Laax-Falera.” said Karina Paval, Vice President of Paval Holding.

Apex Alliance Hotel Management, one of the Apex Alliance group’s companies, has been announced as the official hotel operator. The company’s portfolio will include 19 hotels by the end of 2024, with two new hotels scheduled to open in Venice, Italy, and Tallinn, Estonia.

“Acquiring the Waldhaus Flims Wellness Resort is a significant milestone for Apex Alliance.“ said Vytautas Drumelis, Partner of Apex Alliance. „This landmark property will not only strengthen our presence in the European hospitality market but also set a new standard for luxury and excellence in the Swiss Alps. Our goal is to maintain the resort’s historical essence while introducing modern amenities that provide an unparalleled guest experience year-round.”

The Waldhaus Flims Wellness Resort boasts six distinct buildings, including The Grand Hotel, The Villa, The Pavilion, and the renowned SPA & Wellness Center, along with extensive facilities such as tennis courts, event spaces and diverse dining options. The resort is planned to feature 143 rooms and suites, each designed to offer spectacular mountain views and ultimate comfort.