Grace Hotels, a private group that owns luxury hotels, has acquired the La Margna hotel, located in the heart of St. Moritz, Switzerland. In 2014, the hotel will undergo an extensive renovation program to create the Grace St. Moritz, a luxury hotel and residences through service apartment formulas, with the highest quality standards. The La Margna hotel, considered one of the most qualified hotels in St. Moritz, was built in 1906 and represents the landmark of the famous Swiss town.