IHG Hotels and Resorts has partnered with Cycas Hospitality to introduce the Holiday Inn Express and Suites concept in Switzerland.
The 119-room Holiday Inn Express and Suites Sion will open in the fall of 2024 in the town of Sion, located in the southwest of the Swiss canton of Valais.
The newly constructed hotel will feature 95 Holiday Inn Express rooms, 24 suites with kitchenettes, a restaurant on the ground floor, a 24-hour gym and a meeting room.
The hotel will be located in the new Cour de Gare district, which will include 10,300 m² of offices, 300 apartments, 5,700 m² of shops and one of the largest concert and conference halls in the canton of Valais – the latter will be attached to the hotel.
The hotel will also be a 30-minute drive from the country’s Les Quatre Vallées ski area, a journey that could be reduced to 20 minutes if a new cable car project from the neighboring resort comes to fruition. Sion is also less than an hour from resorts such as Zermatt, Verbier, Chamonix Mont-Blanc and the Portes du Soleil.
The hotel will be operated by Cycas under a rental agreement with an investment group of Credit Suisse Asset Management.
Sonia Romano, Property Asset Manager at Credit Suisse Asset Management, said:
“With Sion’s wide array of market drivers, from manufacturing and finance to tourism and research, there is an opportunity to introduce a new accommodation option to the rapidly growing city. The Cour de Gare development with the Holiday Inn Express & Suites Sion is well positioned to meet the changing needs of visitors to Sion.
Asli Kutlucan, Director of Development at Cycas Hospitality, added:
“We are proud to build on our long-standing relationship with IHG Hotels & Resorts and to work with Credit Suisse Asset Management on this fantastic new property.
Cycas is also expected to develop and manage the 99-room Holiday Inn Express and Suites in Deventer, the Netherlands, which is slated to open in fall 2022.
This is Cycas’ first entry into Switzerland, its portfolio also covering European countries such as Belgium, France, Germany, the Netherlands and the United Kingdom.