Credit Suisse Explores Sale of Storied Hotel Mandarin Oriental Savoy Zurich
The Mandarin Oriental Savoy hotel on Paradeplatz in Zurich.
Photographer: Denis Linine/Getty Images
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Credit Suisse Group AG is exploring a sale of the Mandarin Oriental Savoy Zurich.
“Credit Suisse reviews its property portfolio on a regular basis as part of its global real-estate strategy,” according to Simone Meier, a bank spokeswoman. “As part of this process, the bank has decided to start a sales process for the Hotel Savoy building. We will carefully assess all offers and potential investors and communicate any decision in due course.”