Private equity management group Z Capital Partners has acquired the historic Waldhaus Flims Mountain Resort & Spa located in Flims, Switzerland. The undisclosed deal further enhances Z Capital’s health and wellness hotel platform, following its acquisition earlier this year of the Carillon Miami Beach.

The company said it plans to maintain the property’s storied heritage while upgrading the resort to a five-star luxury hotel. Its strategy includes investing in the hotel rooms and expanding the spa and wellness facility, eventually developing an integrated medical wellness component.

“This mountain resort is unlike any other in the region, boasting luxury amenities, a premier spa facility and renowned wellness centre, as well as access to the exceptional array of world-class fitness and outdoor activities found in the Swiss Alps,” said James Zenni, president and CEO of Z Capital.

Zenni said the property represents an ideal first international acquisition for Z Capital.

“Following our acquisition earlier this year of Carillon Miami Beach...we are positioned to leverage our expertise and ensure that the Waldhaus Flims delivers an unparalleled experience to visitors of this truly exceptional destination,” said Zenni.

Originally established as an alpine summer destination spa hotel in 1877, the Waldhaus Flims is situated in the resort town of Flims, approximately 140km from Zurich in the heart of the Swiss Alps. It boasts a 2,500sq m (26,910sq ft), five-star spa that features a modern fitness facility and multiple rejuvenating pools.

Skiing, snowboarding, golf, hiking and mountain biking are all accessible from the resort, as is Lake Cauma, known for its curative properties. The Rhine Gorge, known as ‘The Swiss Grand Canyon’ is also nearby, as is the Tectonic Arena Sardona, a UNESCO World Heritage site.

The Walhaus Flims is also featured in the recently-released film Youth, where the landscape, alpine views and spa are all highlighted. The film stars Michael Caine, Harvey Keitel, Jane Fonda and Rachel Weisz, and has been nominated for 13 awards from the international press, including the Palme d’Or at the Cannes Film Festival.

The film has just won the European Film Award for Best Film and Best Director, and Caine won Best Actor for his starring role as an ageing artist.