Le Richemond hotel on the banks of Lake Geneva will join Dorchester Collection in August, marking the group’s first third-party management agreement.
Cedar Capital Partners acquired the 109-key luxury hotel in December from Rocco Forte and Family Ltd. Dorchester will take over management of the 136-year-old property from The Rocco Forte Collection.Le Richemond will be Dorchester Collection's eighth hotel when the management agreement commences in August. The New York Palace is in the process of being sold to Northwood Investors, with the deal expected to close July 12. In September, the group will open its ninth hotel, 45 Park Lane, London, and in October the legendary Hotel Bel-Air, which has been closed for a major renovation, will reopen.Le Richemond will undergo a refurbishment of its public areas, including the restaurant and bar, as well as its guest suites. The hotel will remain open during the project.Le Richemond will be Dorchester Collection's eighth hotel when the management agreement commences in August. The New York Palace is in the process of being sold to Northwood Investors, with the deal expected to close July 12. In September, the group will open its ninth hotel, 45 Park Lane, London, and in October the legendary Hotel Bel-Air, which has been closed for a major renovation, will reopen.
