Grace Hotels Takes Over La Margna in St. Moritz

Great news for ski fans this winter: Grace Hotels has acquired the historic La Margna hotel in St. Moritz, Switzerland. Even cooler: Next year, the company will a renovation that will turn the hotel into the Grace St. Moritz and Grace St. Moritz Residences.
La Margna, built in 1906, is one of the landmark hotel buildings in St. Moritz. (This is no small feat: The city has hosted the Winter Olympics twice and and is home to the famed Cresta Run toboggan course.) The south-facing hotel looks over the resort’s lake and valley and is close to the high-end shops and restaurants.
The hotel has been privately owned by the Schweizer-Pitsch family for the past fifty years. The family is now retiring from the hotel business, passing guardianship of La Margna to Grace Hotels, itself part of a family-owned business. The hotel will remain open as La Margna until the end of the 2013/14 skiing season.
When the renovations are complete, the hotel will have three restaurants (one of which will be an "all-new internationally branded fine-dining experience." We're eager to hear more details on that!) There will also be a classic Swiss restaurant specializing in local cuisine and a more casual restaurant offering all-day dining, plus a new martini and cigar bar. 
Other plans include a new gym and swimming pool with dramatic architectural features. The skiing facilities will also be upgraded with a state-of-the-art ski room.
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