The Mandarin Oriental Palace, Luzern is a grand hotel of the Belle Époque, located on the north shore of the lake on "National Quai" ("Nationalquai") in Lucerne, Switzerland.
It was built as the Palace Hotel Luzern between 1904 and 1906, and is officially designated as a cultural asset of national importance (Conservation Grade B).
[1] In 1903 Franz Josef Bucher, a farmer's son, who by this time had become well established as a hotel pioneer-entrepreneur, purchased a 3,285 square metre plot of land at one end of the "National Quai" ("Nationalquai") in Lucerne[2] for a price of 880,000 Swiss francs.
However, Bucher's determination to make the Palace Luzern the city's number one hotel came with a considerable additional cost, which he may not have anticipated, in the form of the envy of Lucerne's existing top hoteliers.
[7] In 2011, following the currency realignments triggered by the world economic crisis of 2007/09, Swiss hotels came under financial pressure, in common with other export dependent labour-intensive sectors, and in 2011 the owners sold the Hotel Palace Luzern building to "CS Funds AG", an investment fund belonging to Credit Suisse, in a "sale and leaseback" deal.