HVS Hodges Ward Elliott is pleased to have successfully arranged the sale of the 266-room, five-star Zurich Marriott Hotel in Switzerland to Pictet Alternative Advisors, on behalf of its Elevation II direct real estate fund. Pictet partnered with Swiss asset manager Vertell Asset Management in the acquisition. Benefitting from a prime city-centre location and distinctive tower design, the landmark hotel is one of Zurich’s premier hotel assets and the largest five-star property in the city centre. It includes two restaurants, a bar, cigar lounge, executive lounge and 15 meeting rooms. A four-year phased renovation programme is currently underway across the 266 guest rooms, with the last 63 rooms set to be renovated during Q1 2027. Marriott International manages the property under a long-term management agreement. HVS Hodges Ward Elliott acted as exclusive advisor to the seller.