Plans to redevelop the Swiss-Grand Resort & Spa, Bondi Beach have been shelved due the global financial crisis which has seen Bondi Beachside Pty Ltd reassess its business plans. As a result, the popular beachside hotel will remain open for business as usual for at least the next three years, and continue under Accor management.

The Swiss-Grand will undergo a soft refurbishment to its conference inventory and rooms, a project that was on hold while the hotel’s future being decided.

Richard Holt, General Manager of the Swiss-Grand Resort and Spa said he is thrilled that the hotel will continue to run for the foreseeable future.

“I am delighted that we can now assure our guests that the Swiss-Grand will not be closing down,” he said. “It has been difficult to plan for the future while the hotel’s development was in limbo but now we can concentrate on building business and move forward with quotes for weddings, conferences and events for at least the next three years.

“We have had so many clients upset because they thought the hotel was closing and now we can let everyone know that the Swiss-Grand Resort & Spa, Bondi Beach is here to stay for several more years at least.”

Bondi Beachside Pty Ltd has an approved development application with Waverley Council to renovate and upgrade the site of the Swiss-Grand Resort and Spa including the development of high quality residential apartments, a boutique hotel, restaurants, cafes and retail outlets.