Credit Suisse Asset Management brings first "Mama Shelter" hotel to Switzerland

Even before the renovation works of the landmark building at Schulstrasse 44 in Zurich-Oerlikon start next March, it is already confirmed that a “Mama Shelter” will move into the former “Swissôtel”. Credit Suisse Asset Management has signed a long-term lease agreement with the operating company KNSA Hospitality on behalf of its real estate fund Credit Suisse Real Estate Fund Hospitality.

“Mama Shelter” hotels are currently present in 15 locations worldwide, but so far not in Switzerland. The French hotel chain, which opened its first hotel in Paris in 2008, puts great emphasis to designing its offshoots not only as typical hotels, but also as meeting places, work and living spaces. In Oerlikon, the new tenant will offer great added value for hotel guests and the local population with an innovative gastronomy concept and a co-working zone. Additionally, a publicly accessible city balcony with a bar will be created on the base of the building.

Unlike in the past, the building will no longer be used primarily for hotel operations – these will only comprise the lower 9 of the total 28 floors. In the remaining part of the high-rise building, 132 apartments will be created, mostly in the form of mini lofts with 1.5 to 2.5 rooms. The ground floor and the first floor will be home to a hotel lobby, a restaurant, shops, conference rooms and a co-working zone. The opening of the “Mama Shelter” is planned for the second half of 2024.

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Mama Shelter
After many glorious years at Club Med (co-founded by the Trigano family), Serge Trigano launched Mama Shelter in 2008 with his sons Jérémie and Benjamin. From the beginning, the founders have offered guests a mix of shared fun, affordability, and exceptional service, implementing Mama only in cities that they love and in neighborhoods with a unique story. Paris was followed by Marseille, from there to Lyon, Bordeaux, Los Angeles, Rio de Janeiro, Prague, Belgrade, Toulouse, Lille, London, Paris West, Luxembourg, Rome, with upcoming openings in Lisbon, Paris La Défense, Dubai, and many more. In 2014, the international hotel chain, Accor, partnered with Mama Shelter to develop the concept and welcome travelers and locals throughout the world. Mama Shelter is part of Ennismore, a joint-venture with Accor, formed in 2021.

Credit Suisse Asset Management
Credit Suisse Asset Management is a division of Credit Suisse Group. Asset Management manages assets worth over CHF 475 bn worldwide (as of September 30, 2021). Backed by the global market presence of Credit Suisse Group, Asset Management offers active and passive solutions for traditional and alternative investments as well as proven product expertise in Switzerland, EMEA, APAC, and the Americas. Great importance is attached to sustainability. We offer a broad selection of active and passive investment funds that comply with the Credit Suisse Sustainable Investment Framework or replicate a sustainable index. In doing so, we pursue differing approaches, in which environmental, social and governance (ESG) criteria are applied at various points in the investment process.

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