Grand Hotel Du Lac
VEVEY, Switzerland
Asset Management
Initially built in 1868, the exclusive Grand Hotel du Lac is an icon of luxury in the area of Vevey with a prime position on the lake Geneva.
Sold in 2004 to its current owners, they closed the property for two years for a complete renovation with costs CHF 25 million, under the renown decorator Pierre-Yves Rochon.
The hotel positioning both for leisure markets and corporate with the many high street Swiss brands based in Vevey (e.g., Nestle headquarter), has been very successful as the top luxury hotel in the city of Vevey.
In 2019, the city welcomed again the most significant event in Switzerland (every 25 years) being the Fêtes des Vignerons.
Number of Rooms
50 rooms, including 9 suites (one of which of 120m2). All rooms and public areas of the hotel were designed by renowned French interior architect Pierre-Yves Rochon.
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opening year
1868 and fully re-opened in 2007
MEETING SPACE
A total of 300 sqm of banqueting and conference spaces are available, including six private rooms all with daylight. The Salon Viennois welcomes up to 250 guests with its 6.80-meter ceiling height.
food & beverage
La Veranda is the all-day dining with 28 seats indoors and 60 seats on the terrace; Les Saisons, Gastronomic 1-star Michelin seats 25 guests. The intimate bar is also available for the clients, as well as the oriental lounge.
Wellness and Private Club
The spa managed by renowned Dr. Burgener has three treatment room with a range of wellness product as well as a fitness room. The outdoor swimming pool is also heated
Other facilities & services
The hotel offers a la carte personalized service and a dedicated concierge.
Number of Rooms
The 200 rooms include 39 suites, some on two levels and some with step-out balconies or spacious private terraces. The design is contemporary, overlaid with the depth of history.
food & beverage
There are four restaurants and bars, including Dani on the rooftop by chef Dani García, serving traditional Andalusian cuisine. For those looking for the atmosphere of a cocktail bar, Isa offers mixology at the forefront of current international trends, coupled with Asian tapas.
meeting space
The setting creates a stylish and memorable destination for business meetings, product launches, weddings, and gala parties, hosting up to 350 guests. The hotel offers 1,700 m2 (18,300 sq. ft.) of spaces across nine venues on the second floor, all with natural light and views across the city. Space includes two ballrooms with pre-function spaces, an open-air courtyard, and four versatile meeting rooms.
Wellness and Private Club
Four Seasons Madrid features a four-level spa and a sun-splashed 14-metres pool, creating an unbeatable experience for Madrileños and international guests.
Opening year: 2020 (originally built in 1887)
Number of Rooms
The 200 rooms include 39 suites, some on two levels and some with step-out balconies or spacious private terraces. The design is contemporary, overlaid with the depth of history.
food & beverage
There are four restaurants and bars, including Dani on the rooftop by chef Dani García, serving traditional Andalusian cuisine. For those looking for the atmosphere of a cocktail bar, Isa offers mixology at the forefront of current international trends, coupled with Asian tapas.
meeting space
The setting creates a stylish and memorable destination for business meetings, product launches, weddings, and gala parties, hosting up to 350 guests. The hotel offers 1,700 m2 (18,300 sq. ft.) of spaces across nine venues on the second floor, all with natural light and views across the city. Space includes two ballrooms with pre-function spaces, an open-air courtyard, and four versatile meeting rooms.
wellness & private club
Four Seasons Madrid features a four-level spa and a sun-splashed 14-metres pool, creating an unbeatable experience for Madrileños and international guests. Opening year: 2020 (originally built in 1887)
The 200 rooms include 39 suites, some on two levels and some with step-out balconies or spacious private terraces. The design is contemporary, overlaid with the depth of history.
There are four restaurants and bars, including Dani on the rooftop by chef Dani García, serving traditional Andalusian cuisine. For those looking for the atmosphere of a cocktail bar, Isa offers mixology at the forefront of current international trends, coupled with Asian tapas.
The setting creates a stylish and memorable destination for business meetings, product launches, weddings, and gala parties, hosting up to 350 guests. The hotel offers 1,700 m2 (18,300 sq. ft.) of spaces across nine venues on the second floor, all with natural light and views across the city. Space includes two ballrooms with pre-function spaces, an open-air courtyard, and four versatile meeting rooms.
Four Seasons Madrid features a four-level spa and a sun-splashed 14-metres pool, creating an unbeatable experience for Madrileños and international guests. Opening year: 2020 (originally built in 1887)
Global Asset Solutions was engaged by the owner for a full detailed operational and financial analysis review of the property. As the hotel is privately operated, the objective of such review was to analyze the risks and opportunities for the property with the aim to provide all the latest processes and trends in order to maximize revenues and flow through.
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Full analysis of the operation of the hotel from finance to S&M, as well as the F&B operation.
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Review of all processes applied by the head of department to ensure compliance with local regulation and USALI requirements. Analyze productivity of each process to better the operation.
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Detailed balance sheet review to ensure a lean and clear structure for ownership.
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Lengthy discussions with management in regards to the F&B operation, especially with the gastronomic restaurant, its opening timetables and the F&B operation in the summer which attracts a different clientele at different price points.
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Development of new strategies with the S&M team to ensure higher yielded business was targeted, reduction of OTA attachment, compared to direct bookings. Review of positioning with competitive set, and deep analysis of segmentation, with proper revenue management procedures.
Regular follow-ups were organized with the team to ensure the effectiveness of the new processes and ensure the team embraces the changes to increase revenues and productivity. Further work on flow-through and analyses of each private event with ROI will be important. The hotel will require constant positioning vis a vis of the competitive set, yet it will continue in being a leader in rates as it benefits from an excellent product.
Following this assignment, the owner engaged us on
two additional hotels in Europe and in the Middle East.
