Andermatt Swiss Alps

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Andermatt Swiss Alps AG
legal form Corporation
founding May 16, 2007
Seat Andermatt, Switzerland
management CEO Franz-Xaver Simmen
Number of employees around 70
Branch Development, planning, construction and operation of the Andermatt Reuss holiday village
Website www.andermatt-swissalps.ch

The Andermatt Swiss Alps AG is a Swiss company based in Andermatt in canton Uri , which deals with the development, design, construction and operation of the village Andermatt Reuss.

Companies

The "Gotthard Residences" under construction (2019)

When completed, the Andermatt Reuss holiday village will include around 500 holiday apartments in 42 buildings, 28 chalets , congress facilities as well as a public indoor swimming pool and an 18-hole golf course . There are also six hotels in the 4 and 5 star category, including the already opened 5 star deluxe hotel The Chedi Andermatt . In addition, the winter sports areas Andermatt and Sedrun will be merged to form the SkiArena Andermatt-Sedrun with 120 kilometers of slopes. Founder, investor and entrepreneur Samih O. Sawiris holds 51% of the shares in Andermatt Swiss Alps AG. At the beginning of 2019 it was announced that Orascom Development Holding would take over the majority of the shares in the next two years.

history

After the closure of the Gotthard fortress and the associated reduction in the activities of the Swiss Army in Andermatt, the mountain village found itself in a crisis.

Samih O. Sawiris , Egyptian entrepreneur and tourism developer, was invited to Andermatt as a consultant in 2005, initiated by the contact between the Uri security director Josef Dittli and the former Swiss ambassador in Cairo. When Sawiris saw the region, he decided that Orascom Development Holding would present a tourism project itself. In December 2005 he informed the population of Andermatt and the Urserental about the project. At the end of March 2007, Andermatt agreed to this with 96% yes-votes. The Swiss Army then sold almost all of the military space on which the holiday village is now being built. An international architectural competition was announced for the design of the holiday village . As a special project on this scale and due to its national importance, it was exempted from Lex Koller by the Federal Council in 2007 . In 2008 the Federal Council approved the district design plan. In 2009 the ground-breaking ceremony took place for the 5-star deluxe hotel The Chedi Andermatt , the basic infrastructure and the 18-hole golf course. In December 2013, the 5-star deluxe hotel was opened. The hotel has received various awards, including the Gault-Millau “Hotel of the Year 2017”.

In 2015 the foundation stone was laid for the second Radisson Blu Reuss hotel and the Gotthard Residences with the public indoor pool . Around two to three apartment buildings are built every year.

A documentary film Global Village about the last few years was released in 2015, and the critical voices got a boost.

Andermatt Swiss Alps AG invested over 172 million in 2017 (around 900 million since construction started) and finished with an expected deficit of just under 30 million. The company is still in the development phase. In 2017, properties worth 55 million were sold; at the end of 2017, two thirds of the apartments had been sold. The occupancy rate for the rental was 47%.

Objects

The Chedi Andermatt

The 42 apartment buildings and five hotels are located on an infrastructure base which, in addition to the underground car park, will also contain all the technology for the apartment buildings and hotels. The whole resort will therefore be car-free . The Hotel The Chedi Andermatt is on the opposite side, near the Andermatt train station . The 4-star hotel with the Gotthard Residences is operated by Radisson Blu and is now under construction. It comprises around 180 rooms and suites. The hotel is directly connected to the residence building, which offers 90 hotel service holiday apartments.

SkiArena Andermatt-Sedrun

logo

The SkiArena Andermatt-Sedrun is a winter sports area that stretches from Gemsstock in the canton of Uri over the Oberalp Pass to Sedrun in the canton of Graubünden with 120 kilometers of slopes. The Andermatt Sedrun Sports AG (ASA), a subsidiary of Andermatt Swiss Alps AG, invested 130 million francs in the expansion with 14 lifts and various snow-making equipment.

In July 2014, the Federal Office of Transport declared the planning approval for the Andermatt-Sedrun Sport AG project to be legally binding. The ski area connection was completed in December 2018. Since then, two gondola lifts and three chair lifts have connected Andermatt with the Oberalp Pass. The ski area extends from the Oberalp Pass to Sedrun.

Golf course

The Andermatt Swiss Alps Golf Course extends over 1.3 square kilometers. The golf course was officially opened in 2016. According to the trade press, the “Scottish-looking” course is over 6 kilometers long and meets international tournament standards. The system was designed by the architect Kurt Rossknecht. Andermatt Swiss Alps has merged with the 9-hole golf courses Realp, Sedrun and Source du Rhône to form the Andermatt golf region.

In 2016 and 2017 the golf course was voted the best golf course in Switzerland by the World Golf Awards.

environment

The construction work of Andermatt Swiss Alps AG is subject to external environmental monitoring by Basler and Hofmann. They come to the conclusion that all construction sites in the Andermatt Reuss holiday village meet the required environmental standards in all environmental areas. The nature protection areas on the golf course as well as the water areas of the Reuss and Unteralpreuss, which serve to improve flood protection, are ecologically designed.

criticism

The communities of Davos , Engelberg and Zermatt , among others, criticized the project, which was co-financed by "subsidies" in the millions . They fear a “state-subsidized” redistribution of ski guests in Switzerland. According to the State Secretariat for Economic Affairs Seco, it is a repayable loan from the NRP funds for the development of the Gotthard region.

The project will not be financially viable for the time being. In the first half of 2015, the loss was around 7 million Swiss francs , with sales of 39 million francs. In the auditors' report on the previous annual financial statements, doubts about the successful completion of the project are expressed.

“The auditor's report on the annual financial statements is also striking. You write that you have significant doubts about the successful completion of the Andermatt project. Therefore, the long-term continuation of the company is fundamentally questioned. According to experts, such statements are absolutely rare in the financial books of companies. "

The completion and sale of the existing residential units are delayed. The occupancy rate at The Chedi Andermatt , which already has its fourth boss, was 29.5 percent in 2015. From July 2014 to June 2015, the hotel posted sales of CHF 12.6 million and a loss of CHF 4.2 million.

On April 5, 2018, the Neue Zürcher Zeitung reported that the resort, which is still under construction, had a turnover of CHF 72.6 million in 2017 and a loss of CHF 29.8 million. According to the company, the apartments were occupied at an average of 47% and the chedi at 54%.

«Ski tourism in Switzerland has been in crisis for around ten years. In other words, in Andermatt, a lot of money was invested in a shrinking market. Another milestone will be the opening of a second hotel by Andermatt Swiss Alps AG in the coming summer. The new four-star hotel will be operated by the Radisson chain. "

- Daniel Imwinkelried

Web links

Individual evidence

  1. ^ Commercial register canton Uri: Andermatt Swiss Alps AG. Retrieved July 21, 2017 .
  2. ↑ sda: Groundbreaking ceremony for Sawiri's billion-dollar project: the construction machines start running in Andermatt. NZZ, September 26, 2009, accessed on August 28, 2017 .
  3. ↑ ehi: This is what the tourist resort will look like one day . Ed .: Urner Wochenblatt. No. 48 . Urner Wochenblatt, Uri June 17, 2017, p. 28 .
  4. ↑ Erich Aschwanden: Slope for SkiArena Andermatt-Sedrun. NZZ, July 14, 2017, accessed on August 16, 2017 .
  5. ↑ Andrea Martel: Orascom: Sawiris takes over the majority of the Andermatt Resort. March 27, 2013. Retrieved August 28, 2017 .
  6. ↑ Orascom takes over the majority of Andermatt Swiss Alps. In: nzz.ch. Retrieved January 9, 2019 .
  7. ↑ Christoph Stricker: With the end of the fortress artillery, the Réduit is finally a thing of the past: "Bisons" are withdrawing from the Swiss Alps. NZZ, June 22, 2011, accessed on July 21, 2017 .
  8. ^ Canton Uri: Canton Uri: History. Retrieved August 10, 2017 .
  9. ^ Peter Robinson: Andermatt. Retrieved July 27, 2017 .
  10. ↑ Jost auf der Maur: A mountain village reinvents itself. NZZ, May 1, 2007, accessed on August 4, 2017 .
  11. ^ Mathias Fürst: Applause and a persistent critic on the reception . Ed .: Urner Wochenblatt. No. 48 . Uri June 17th, 2017.
  12. ^ Peter Robinson: Andermatt. Retrieved July 27, 2017 .
  13. ^ Regional newspaper Aletsch-Goms: Andermatt was, is and will ... No. 15 , August 18, 2017, p. 31 .
  14. ↑ competitiononline: International planning and architecture competition. Retrieved August 4, 2017 .
  15. ↑ DGY: Lex Koller is no barrier to resort in Andermatt: Federal support Sawiris project. NZZ, September 22, 2006, accessed on August 16, 2017 .
  16. ↑ a b c d Ecoplan: Economic development in the Ursern valley. (PDF) UKB, December 2016, accessed on July 27, 2017 .
  17. ^ Municipality of Andermatt: History. Retrieved August 10, 2017 .
  18. ↑ Schweizer Illustrierte: “The Chedi Andermatt” is GaultMillau's “Hotel of the Year”. Retrieved August 28, 2017 .
  19. ^ Marcel Gyr: Premiere “Andermatt - Global Village”: A kind of homeland film. NZZ, August 29, 2015, accessed on July 21, 2017 .
  20. ↑ Urs Hanhart: The development phase should be over soon. NZZ Group, April 6, 2018, accessed on July 18, 2018 .
  21. ↑ sda: Andermatt Swiss Alps continues to expand strongly. In: www.20minuten.ch. Retrieved July 18, 2018 .
  22. ↑ Franka Kruse: Huge underground car park keeps the new village of Andermatt car-free. Retrieved August 4, 2017 .
  23. ↑ Johannes Schweikle: Andermatt: A Uri mountain village with big dreams. (No longer available online.) Archived from the original on August 28, 2017 ; accessed on August 23, 2017 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. @1@ 2Template: Webachiv / IABot / www.bluewin.ch
  24. ↑ Luzerner Zeitung: Another milestone in the development of the tourism resort in Andermatt. Luzerner Zeitung, accessed on August 16, 2017 .
  25. ^ Erich Aschwanden: Andermatt tourist resort: slope for the Andermatt-Sedrun ski arena. NZZ, January 9, 2013, accessed on August 28, 2017 .
  26. ↑ Stefan Häne: The Andermatt Deal. Tages Anzeiger, 2014, accessed August 28, 2017 .
  27. ↑ sda: Andermatt golf course. NZZ, accessed on 23 August 2017 .
  28. ↑ Golfhome: Andermatt Swiss Alps Golf Course opened. July 4, 2016. Retrieved August 23, 2017 .
  29. ↑ Swiss Golf Snow: Golf Course Andermatt. Retrieved August 23, 2017 .
  30. ↑ Bergstimme: New golf destination under the name “Andermatt Golf Region”. Retrieved August 23, 2017 .
  31. ↑ World Golf Award: Switzerland's Best Golf Course 2016. Accessed on July 18, 2018 .
  32. ↑ World Golf Awards: Switzerland's Best Golf Course 2017. Accessed on July 18, 2018 .
  33. ^ Press service Switzerland: Conclusion of environmental monitoring Andermatt Swiss Alps. Retrieved July 18, 2018 .
  34. ↑ Harsh criticism of subsidies in the millions for Andermatt. Tages-Anzeiger , June 25, 2013.
  35. ↑ a b c “Sawiris only writes losses in Andermatt” , 20 minutes, December 14, 2015.
  36. ↑ Sawiri's luxury resort project makes millions in loss | NZZ . April 14, 2016, ISSN  0376-6829 ( nzz.ch [accessed January 21, 2019]).
  37. ^ Economy - Andermatt Swiss Alps: Still a construction site. April 14, 2016, accessed January 21, 2019 .
  38. ↑ a b “Andermatt Swiss Alps continues to write losses” , Neue Zürcher Zeitung, April 5, 2018.