The Radisson Blu building was constructed under a building right established in 2005, which was set to last until 2080. However, this agreement has been terminated early, transferring the building to Zurich Airport Ltd. The Radisson Blu hotel opened in 2008 after the building's completion.
The building spans twelve floors and is directly connected to parking facility P1 via a walkway on the eighth floor. Most of the space is dedicated to Radisson's hotel operations, including conference and meeting centers. In 2023 and 2024, the hotel underwent extensive renovations to update the rooms and lobby to meet current guest needs. The existing rental agreement with Radisson Blu for hotel operations runs until 2033.
By prematurely terminating the building right and securing the reversion of the hotel building, Zurich Airport Ltd. now holds full ownership rights.
This strategic move allows for greater development potential within the central airport perimeter, optimizing infrastructure use and accommodating future user requirements.
Financial Conditions
An external market value assessment was conducted to determine the purchase price of around CHF 155 million.
The transaction is expected to result in an annual increase in earnings before interest, taxes, depreciation and amortisation (EBITDA) in the high single-digit million Swiss Franc range.
