Wiesbaden, 13 June 2026 – Aareal Bank AG has successfully closed a financing facility for Pictet Real Estate Capital to acquire Marriott Zurich, a 5-star business and leisure hotel property situated in the heart of downtown Zurich.
The transaction, closed on 10 June 2026, expands the relationship between Aareal Bank and Pictet Alternative Advisors, part of the Pictet Group, which manages approximately USD 5 billion in real estate assets.
The Marriott Zurich is a well-established full-service hotel, prominently located on the bank of the Limmat River, opposite Platzspitz Park. The property comprises 266 guest rooms, a range of F&B outlets, and extensive meeting and conference facilities, serving both business travellers and leisure guests. Since its opening, the high-rise has benefited from ongoing investment and refurbishment, with a further guest room enhancement programme currently underway.
Vertell Asset Management, a specialised Swiss hospitality investment firm, has been appointed as the asset manager to oversee the property’s operational management and strategic value creation.
“Prime hotel assets under globally recognised brands in leading financial hubs continue to attract strong institutional interest,” said Bettina Graef-Parker, Head of Hotel Properties at Aareal Bank. “We are delighted to support this high-quality asset and look forward to building a lasting partnership with Pictet Real Estate Capital.”
Aareal Bank acted as arranger, facility agent, and security agent. Legal advice was provided by CMS, and CBRE acted as valuation advisor for this transaction.
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