Pelerin Palace (also known as Hotel du Parc) is a

Belle Époque The Belle Époque or La Belle Époque (; French for "Beautiful Epoch") is a period of French and European history, usually considered to begin around 1871–1880 and to end with the outbreak of World War I in 1914. Occurring during the era ...

style hotel built in 1906 in Le Mont-Pèlerin, Vaud,

Switzerland ). Swiss law does not designate a ''capital'' as such, but the federal parliament and government are installed in Bern, while other federal institutions, such as the federal courts, are in other cities (Bellinzona, Lausanne, Luzern, Neuchâtel ...

overlooking Lake Geneva. The opening of the

Vevey–Chardonne–Mont Pèlerin funicular railway The Vevey–Chardonne–Mont Pèlerin funicular railway (french: Chemin de fer funiculaire Vevey–Chardonne–Mont Pèlerin; VCP) is a funicular which runs between Vevey, a town on the north shore of Lake Geneva in the canton of Vaud, through ...

in 1900 facilitated the development of the location as a resort. Pelerin Palace was the third major hotel built in the locality following Hotel Belvedere (1902) and the Grand Hotel (1904). It was built on the initiative of

Henri Fatio Henri is an Estonian, Finnish, French, German and Luxembourgish form of the masculine given name Henry. People with this given name ; French noblemen :'' See the ' List of rulers named Henry' for Kings of France named Henri.'' * Henri I de Mo ...

, a Geneva-based financier who attracted investors based in Vevey. The original hotel suffered serious damage in a fire in 1917 which destroyed the roof. Hotel du Parc was the venue of the founding conference of the Mont Pelerin Society in 1947. Due to the hotel's poor condition, the fiftieth reunion of the Mont Pelerin Society was held in the neighbouring Hotel Le Mirador (formerly the ''Mon Repos'' medical establishment) on 9–12 April 1997 and attracted around 100 people.

Redevelopment

In 2008 the Geneva company, the

Swiss Development Group Swiss may refer to: * the adjectival form of Switzerland *Swiss people Places *Swiss, Missouri *Swiss, North Carolina * Swiss, West Virginia *Swiss, Wisconsin Other uses * Swiss-system tournament, in various games and sports * Swiss Internationa ...

(SDG), acquired the building for 18m CHF and stated they intended to convert the hotel into luxury apartments with a price range from 4m-22.6m CHF (US$3.94m - US$22.6m). The building was renamed "Du Parc Kempinsky Private Residences" in light of an agreement for Kempinski Hotels S.A to manage the property. The renovations were scheduled to be finished by 2012. However, by January 2016, despite having high-profile celebrities like Tony Parker sign up to move in, the building was unfinished and the company in financial difficulties. However, SDG was able to avoid

bankruptcy Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor ...

and claimed that the project would be completed.

References

{{coord missing, Switzerland Canton of Vaud Hotels in Switzerland Architecture in Switzerland Belle Époque