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Resorts Bad Ragaz: Record results and new name

11.4.2008

Bad Ragaz. For the 2007 financial year, the Grand Hotels Bad Ragaz is able to report record results during the year under review, despite the current extensive refurbishment and new building work programme. Consolidated turnover increased by 4.4% to 99.1 million CHF a new all time high in the company's history. The operating result from normal business activities amounted to 11.6 million CHF. This means that last year's outstanding result has been surpassed.

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About enjoying values and visions

8.2.2008

Zurich/Bad Ragaz. The company headquarters of Dr. Thomas Schmidheiny is concealed in an unobtrusive two-storey office building; company signs adorn the wall behind the entrance door. However, the building is located in a well-chosen location: right beside vineyards in Jona at the southern end of Lake Zurichsee - called "golden coast" not only because of the sun. This is the headquarters of Schmidheiny's Holcim cement factory, but the Max Schmidheiny foundation is also located here, as well as Spectrum Value Management, the "family office", which includes the Grand Hotels Bad Ragaz with Hotel Quellenhof and Hotel Hof Ragaz. The hotels near Chur are among the leading businesses of the European hotel industry. Major shareholder Thomas Schmidheiny belongs to those owners that work and live in complete discretion and rarely give interviews. He made an exception in the case of hospitalityInside.com.