Titlis Resort Engelberg

Titlis Resort Engelberg 

www.titlis-resort.ch

Titlis Resort Engelberg 4 

The project 5 

Three construction phases 7 

Holiday apartment or 

second home? 9 

Prime location 11 

Description 12 

Infrastructure 13 

Investment 14 

Resort operator 15 

Project development 16 

A wise investment 17 

Owner-occupied apartments 18 

Holiday apartments 19 

Lease agreement 20 

Distribution (pay-out) of income 21 

Use of one’s own apartment 22 

Purchase costs 23 

Engelberg 26 

Summer 27 

Winter 28 

Tourism in Engelberg 29 

Region 31 

Lucerne 32 

Zurich 33 

Lifestyle 34 

Getting there 35 

Contact 36 

Index 

www.titlis-resort.ch 2


Engelberg, one of the most attractive holiday destinations in central Switzerland, 

is to be the location of the new Titlis Resort. Attractively situated right by the Titlis 

cable car station, this gem will be just a stone’s throw from the train station and 

the idyllic centre of the monastery village as well. Nestled in the Valley of the 

Angels, surrounded by beautiful mountains and unspoilt nature, the project is 

notable both for its architecture and its innovative sales concept. 

Free building plots in central locations in Engelberg are few and far between; 

demand is very steep and has been increasing for years. However limited resources 

will mean severe constraints on growth in the future too. The construction of 

the Titlis resort opens up opportunities for sustainable investment in a property 

with great potential for value appreciation. The excellent infrastructure and the 

unparalleled accessibility of Engelberg in the heart of Switzerland make investing 

in this unique resort a wise investment for the future. 

Titlis Resort 


Following an intensive planning phase, the groundbreaking ceremony for the Titlis 

Resort was held in September 2011. Over the next two years, 136 apartments will 

be built on a plot of 13,500 square metres where the Acher car park used to be. 

The developer, Titlis Resort AG, is a wholly owned subsidiary of Bergbahnen 

Engelberg-Trübsee-Titlis AG (BET AG). This unique holiday village with its fabulously 

beautiful mountain setting will be constructed in three phases. Nine buildings 

will be built in chalet style, boasting outstanding architecture with an alpine 

character. These generously laid out and comfortable holiday apartments are 

designed to an impressively high standard; the use of regional materials goes 

without saying. They offer quality living at the highest level with a touch of modern 

mountain romance. 

The project 



First phase 

In the first phase of construction, for which the groundbreaking ceremony was 

held on 19 September 2011, buildings 6 (Langwand), 7 (Sulzli), 8 (Wendensattel) 

and 9 (Schaftal) with a total of 55 apartments are being built. These four buildings 

will be complete in winter 2013. The ski storage rooms for all Titlis Resort apartments 

will be on the basement level of building 9 (Schaftal) and will feature 

lockable lockers. The apartments being built in this first phase are now 

available for prospective buyers. 

Second phase 

The construction of the buildings situated in the centre of the complex, building 4 

(Steinberg) and 5 (Laub) with a total of 31 apartments, is planned for the second 

phase. A restaurant, the reception and a child day-care facility plus playroom will 

be integrated into building 4 (Steinberg). The fitness and wellness facilities will be 

spread over the basement level and ground floor in building 5 (Laub). An outdoor 

summer and winter playground will be built at the centre of the complex. These 

apartments will be ready for occupancy in autumn 2014. 

Third phase 

In the third and final stage, residential buildings 1 to 3 will be built (Südwand, 

Grassen and Galtiberg). A total of 50 apartments are planned. Central laundry 

facilities that can provide services for the individual apartment owners will be 

located on the basement floor of building 2. These apartments are scheduled for 

occupancy in autumn 2015. 

Three 

construction 

phases 



At theTitlis Resort 60%, or roughly 80 apartments, will be equipped to the highest 

standards and sold as “holiday apartments”. Buyers of these apartments agree 

rent these apartments to holiday guests when they aren’t using them themselves. 

Buyers can use the holiday apartments themselves without time limitations (in 

observance of the operator’s defined reservation periods). 

The operator of the Titlis Resort – Bergbahnen Engelberg-Trübsee-Titlis AG – will 

take care of all rental formalities. They will make approximately 325 beds available 

(excluding second homes) for 46 weeks a year. The income thus derived will be 

distributed to the owners in a pooling model. These apartments will cost 20% less 

than the apartments without usage restrictions. These holiday apartments are 

located in the Südwand, Grassen, Steinberg, Laub, Sulzli and Wendensattel 

chalets. 

The remaining 40%, or approximately 60 apartments, will be sold as owner-occupied 

apartments (second homes) without restrictions on use (i.e. no rental obligation). 

These apartments will be located in the Galtiberg, Langwand and Schaftal 

chalets. 

With this unique investment model, Titlisbahnen aims to generate approximately 

50,000 to 60,000 additional overnight stays in Engelberg and thus enhance the 

sustainable economic development of this tourist destination. 

Holiday apartment 

or second 

home? 



The Titlis Resort will be build on prime property in the centre of Engelberg, in the 

immediate vicinity of the Titlis cable car and just a few steps from the station and 

the centre of the village. Shopping on foot or visiting a restaurant, even walking to 

the cross-country ski trail or to the ski runs is just a matter of minutes. The 

18-hole golf course, one of the most beautiful in Switzerland, is easily reached by 

car within three minutes. 

In both summer and winter, the excellent infrastructure around the Titlis Resort will 

guarantee you maximum relaxation and recreation. The spa and fitness facility, 

the childcare centre and restaurants are all located within the complex. 

Prime 

location 


The Titlis Resort is a development featuring nine chalet-style buildings. Architectu- 

rally the complex stands in perfect harmony with the village of Engelberg. The 

modern architecture and its Alpine character are as remarkable as the high-quality 

materials from the region that will be used. The spa and fitness facility is 

located in the centre of the resort. 

Each of the nine chalets bears the name of one of the region’s downhill ski runs: 

Südwand, Grassen, Galtiberg, Steinberg, Laub, Langwand, Sulzli, Wendensattel, 

Schaftal. 

A total of 136 generously designed apartments will be built, from 1½-room studios 

to 5½-room apartments. Each building will have between 7 and 20 generouslydesigned 

units. The parking spaces are located in the underground car park 

located directly beneath the holiday village. There is plenty of room for green 

areas between the individual chalets in this exemplary, car-free resort – making it 

ideal for families with children. 

The first four chalets will be ready for the winter 2013 season. The grand 

opening of the entire resort is planned for winter 2015. 

Description 


The Titlis Resort will have 136 generously designed holiday apartments that 

benefit from an excellently conceived infrastructure. The centre of the resort will 

feature a restaurant with a reception and a spa and fitness facility with various 

themed saunas and separate recreation areas spread over an area of approximately 

500 square metres. There will also be a children’s daycare centre at the 

Titlis cable car base station. 

The basement will provide space for approximately 165 parking spaces (including 

disabled spaces) as well as spacious storage areas for bikes and prams, cellar 

rooms, ski storage rooms with lockable ski lockers and drying rooms. The resort 

will also operate a central laundry service which is available for use by apartment 

owners. All nine buildings will be connected to each other and these facilities by 

underground parking garage. The resort will also have its own bus stop (free bus). 

Infrastructure 


By purchasing a property in Switzerland at the Titlis Resort buyers are choosing 

an attractive and sustainable investment in a forward-looking tourism destination 

in the Alps. Joint ownership is documented in the Swiss Land Register and is 

thus permanently secure. The apartment can be sold at any time and can also be 

mortgaged. 

The development project’s marketer City Immobilien Management AG would be 

happy to assist you in establishing contact with a local Swiss bank. 

Investment 


Titlis Rotair, or Bergbahnen Engelberg-Trübsee-Titlis AG, is one of the largest and 

most successful mountain railway companies in Switzerland. In addition to the 

state-of-the-art rail facilities, the restaurant and kiosk operations and Berghotel 

Trübsee in the Titlis region, the company also operates Hotel Terrace, a facility 

with approximately 370 beds located on the southern slope of Engelberg. 

Bergbahnen Engelberg-Trübsee-Titlis AG is a public corporation whose shares are 

traded on the Zurich stock exchange. The company has more than 4,000 shareholders, 

employs 300 people in the peak season and generates sales of around 

CHF 50 million. It maintains close relations with the Engelberg Titlis Tourismus AG 

which markets Engelberg in the key source markets of Europe, Southeast Asia, 

India and China. 

Resort 

operator 


The Titlis Resort was developed by the Eberli Group in Sarnen. Eberli is also 

responsible for the overall project management during implementation. As a 

company rooted in the region, the development section at Eberli Sarnen is familiar 

with the needs and customary practices of central Switzerland. In all regional and 

project developments, they seek to enhance the architectural and urban development 

of the specific location as well as prioritising respectful dealings with 

residents affected by the construction projects and ensuring the conservation of 

natural resources. 

www.eberli-sarnen.ch 

Project development 


Why invest in a fully-furnished apartment that can be rented when the owner 

doesn’t use it? 

• Value-creation potential of the property 

• 20 percent lower price than homes without usage restrictions 

• 3 weeks’ holiday per year with no rental costs (excluding running costs) 

• Income from renting the apartment 

• Property may be sold at any time 

• Good finance terms from Swiss banks 

• Long-term, sustainable investment in a Swiss property in an attractive tourist 

destination 

Why invest in Engelberg? 

• Destination with strong summer and winter seasons and a huge range of 

options for the whole family 

• Titlis Resort is only 200 metres from the cable car station 

• Destination with excellent summer activities, including one of the finest 18-hole 

golf courses in Switzerland 

• Future-oriented, dynamic tourism destination with growth potential 

• Winter destination with reliable snow, 82 kilometres of slopes going up to 3020 

metres above sea level 

• Long ski season from October to late May 

• One of the most beautiful variation skiing and freeride areas in the Alps 

A wise 

investment 


The houses and apartments in the Titlis Resort are a contemporary, modern 

interpretation of alpine mountain romanticism. High-quality natural materials from 

the region, solid-wood elements, combined with stone and stylish details, effuse 

comfort and wellbeing. Linear architecture, light-filled rooms and views of the 

fascinating Engelberg mountain landscape combine with alpine chic to create a 

unique ambience. 

The prices of apartments at Titlis Resort are very moderate despite the modern, 

quality construction and exclusive interior design. The least-expensive apartments 

start at CHF 240,000 for a 1½-room studio. 

In the first phase, four chalets with a total of 55 apartments will be put up for sale. 

These apartments are in a prime location within the Titlis Resort and are offered 

at discounted rates. The investors reserve the right to increase the prices of 

apartments in all of the subsequent phases of construction. 

The apartments in building 6 (Langwand) and 9 (Schaftal) can be 

purchased as owner-occupied apartments/second homes without any 

restrictions on use. 

Owneroccupied 

apartments 


The houses and apartments in the Titlis Resort are a contemporary, modern 

interpretation of alpine mountain romanticism. High-quality natural materials from 

the region, solid-wood elements, combined with stone and stylish details, effuse 

comfort and wellbeing. Linear architecture, light-filled rooms and views of the 

fascinating Engelberg mountain landscape combine with alpine chic to create a 

unique ambience. 

The prices of apartments at Titlis Resort are very moderate despite the modern, 

quality construction and exclusive interior design. The least-expensive apartments 

start at CHF 240,000 for a 1½-room studio. 

In the first phase, four chalets with a total of 55 apartments will be put up for sale. 

These apartments are in a prime location within the Titlis Resort and are offered at 

discounted rates. The investors reserve the right to increase the prices of apartments 

in all of the subsequent phases of construction. 

The apartments in building 7 (Sulzli) and 8 (Wendensattel) are sold fully 

furnished. During the absence of the owner these apartments will be 

rented to holidaymakers on a weekly basis. The income thus derived will 

be distributed to the owners in a pooling model. These apartments will 

cost 20 percent less. Bergbahnen Engelberg-Trübsee-Titlis AG will take 

care of all rental formalities and will operate the resort, making available 

some 325 beds for 46 weeks a year. 

As both investor in and operator of the resort, Bergbahnen Titlis Rotair believes 

long-term, high utilisation rates are more important than short-term profit. The 

operator aims to generate approximately 50,000 to 60,000 additional overnight 

stays in Engelberg and thus enhance the sustainable economic development of 

this tourist destination. 

Holiday 

apartments 


By choosing to purchase a fully furnished, quality apartment which will be rented 

out in the absence of the buyer, the buyer enters into a lease (tenancy) agreement 

with the operator Titlis Resort AG. The term is 10 years with an option to extend 

for five years. Further extensions are possible upon request. The apartments in 

this category are 20 percent less expensive those homes without usage restrictions 

and are therefore an excellent investment. Owners share the income from 

renting out the apartments (pooling model): this is an excellent opportunity for 

refinancing the holiday apartment/investment. 

Lease 

agreement 


At the end of each fiscal year, apartment owners whose apartments have been 

rented out in their absence will receive an itemised detailed statement of the rental 

income. 

A 10% deduction will be made from the income generated by all apartments to 

cover operating costs, maintenance and repair. The BET AG will charge a flat rate 

of 25% for their marketing services and the operation of the resort. The remaining 

net income will be distributed proportionately among the apartment owners 

based on the purchase price they have paid. This account shall be verified by an 

external auditor (currently BDO AG, Lucerne). 

We would be happy to provide a sample calculation upon request. 

Distribution 

(pay-out) of 

income 


The owner of a fully-furnished apartment may use the apartment throughout the 

year without any limitation, provided the appropriate reservations have been 

submitted to the operator the Titlis Resort, Bergbahnen Engelberg-Trübsee-Titlis 

AG. The owner may select any three weeks (21 days) each year to stay in the 

apartment at no cost (excluding running expenses). For all other periods, 25 

percent of the published seasonal rental charges will be due. 

Owners are excluded from the income pool during the entire period they are using 

the apartment themselves. 

Use of one’s 

own apartment 


Engelberg is in the Canton of Obwalden, which has one of the cheapest tax 

structures of all the Cantons in Swizerland. 

As the Titlis Resoort is a «touristic» development all apartments are authorised for 

sale to foreigners. However, to avoid speculation a property can not be resold for 

five years except in discretionary cases of ill-health or financial difficulty. After five 

years you may resell to a Swiss or to a foreigner. This is a huge advantage as 

there are very few properties authorised for sale to foreigners in any of the ski 

resort in Eastern Swizerland. 

The total purchase costs including taxes, notary fees and land registry fees 

payable by the Purchaser will be in the region of 2% of the purchase price. The 

vendor will pay half of the land registry fees and half oft the costs for the contract 

and noterisation. The change of ownership taxes are to be paid by the Buyer. 

Detailed Breakdown 

Transfer tax: Total of 1.5% of purchase price (payable by the Purchaser) 

Land register fees: 0.15% for purchase price up to 1‘000‘000 Sfrs plus 0.1% for 

the entire amount over 1‘000‘000 Sfrs. (The vendor and Purchaser pay half each) 

Notary fees: 0.3% up to 300‘000 Sfrs plus 0.2% for the additional amount up to 

600‘000 Sfrs plus 0.1% for the amount beyond 600‘000 Sfrs. (The vendor and 

purchaser pay half each) 

Permit fees for foreigners: 0.04% of the purchase price (The vendor and 

purchaser pay half each) 

Purchase 

costs 


Running costs 

The Owner pays fort he utilities (electricity and water) during the period he occupies 

his apartment personally. All other costs are paid by the rental agency except 

the annual property taxes. 

Annual Property taxes 

Owners pay taxes to the local commune (Engelberg), the Canton (Obwalden) and 

to the Federal government. The Canton of Obwalden has one of the lowest tax 

rates in Swizerland and owners have a choise of completing a tax declaration or 

being assessed for tax simply on the basis of the «tax value» of the apartment. 

The total annual property taxes will amount to approximately 0.75% of the market 

value of your property. Pleas ask us for detailed calculations if required. 

Purchase 

costs 



Engelberg lies in the heart of Switzerland, close to the cities of Lucerne and 

Zurich. At approximately 1000 metres above sea-level, the holiday resort offers a 

very high quality of life in both winter and summer. 

The history of Engelberg can be traced back to the founding of the Benedictine 

monastery in the year 1120. Since then the village has grown steadily into the 

attractive holiday and family region it is today. 

Engelberg also has much to offer from a cultural point of view: besides the 

monastery, there is a show cheese dairy, for example, and a museum. Regular 

folk music performances and classical concerts also take place in the monastery 

church, and the village cinema shows current films daily. Whatever your taste, 

Engelberg is always a spectacular experience – whether on a mountain hike or an 

outing up Mount Titlis that captivates you at over 3000m with a unique panoramic 

view of the magnificent Swiss Alps. 

Engelberg 


During the summer, Engelberg offers a broad range of activities for the enterpri- 

sing, gourmet and sports-keen. With trails around Engelberg at various levels of 

difficulty, hikers can choose the destination that best suits them. 

Engelberg is likewise an ideal starting point for bike tours to satisfy everyone’s 

stamina level, from leisurely to sporty-demanding. A climbing park, excursions to 

mountain lakes or the open-air swimming pool represent worthwhile activities 

ideal for families. The summit of Titlis (3020m), Brunni (1875m) and Fuerenalp 

(1900m) are just three of many destinations within easy reach by cable car. 

Engelberg Golf Club has a real gem to offer in its 18-hole course: on level terrain 

just a few minutes from the centre of the village, the course at the foot of Mount 

Titlis presents itself surrounded by glaciers. 

Summer 


At over 3000 metres, the mountain in Engelberg’s backyard, Mount Titlis, offers 

you a superlative alpine panorama before you launch downhill on the powdery 

snow. 

If you prefer cross-country skiing to alpine and snowboard sports, you will love 

the beautiful trails across level terrain. Set your own pace along the banks of the 

Engelberger Aa river and enjoy the snowy landscape. But you can also enjoy the 

spectacular countryside without skis on your feet: leisurely walks lead straight 

from the centre of the village into stunning natural beauty. And whether tobogganing 

or night hike, indoor ice-rink or swimming-pool, Engelberg offers a whole raft 

of recreation and fun activities in winter too. Of course there is no shortage of 

opportunities to indulge in the „après-ski“ experience: the many cosy restaurants 

and bars in the centre of Engelberg offer a perfect venue to meet up after an 

enjoyable winter’s day outdoors. 

Winter 


Is this your first visit to Engelberg or are you planning your first trip to Engelberg in 

the near future? Are you looking for a hotel or would like information about all that 

the area has to offer in summer and winter? 

To find out more about Engelberg, please visit www.engelberg.ch. The Tourist 

Centre will be pleased to give you the benefit of its competent advice. 

Tourism in 

Engelberg 



Engelberg lies in the heart of Switzerland in the Canton of Obwalden and can be 

reached in just 30 minutes by car from the City of Lucerne. Central Switzerland is 

considered one of the most beautiful regions in Switzerland, its lakes and mountains 

never failing to enchant the visitor. 

The entire region has excellent transport connections whether by road and 

motorway or by train: the rail journey to Lucerne takes no more than 47 minutes, 

to Zurich 110 minutes. Central Switzerland is not just geographically in the heart 

of Switzerland, but is also the historical centre of the Swiss Confederation, which 

was founded here in the year 1291. 

Region 


The City of Lucerne is rich in places of interest; particularly worth of mention are 

the world-famous wooden Chapel Bridge and the Water Tower, Lucerne’s two 

most important landmarks. 

Located right on River Reuss and Lake Lucerne, the city offers every guest his 

own personal highlight, such as excursions on one of the legendary steamships, a 

visit to the transport museum or an outing up Lucerne’s local mountain, Mount 

Pilatus. 

From a cultural standpoint too, Lucerne has plenty to offer. The Lucerne’s Culture 

and Congress Centre (KKL) is regularly the venue for major classical concerts – 

its concert hall is after all one of the best concert halls in the world. The smaller 

Lucerne Hall in the Congress Centre and the Art Museum are further striking 

rooms in this spectacular building. 

Lucerne 


The city of Zurich is home to nearly 400,000 inhabitants. It is Switzerland’s most 

important economic centre, with over a million people living in the greater Zurich 

area. Its financial centre is one of the most important in the world. Zurich’s 

colleges and universities offer excellent training opportunities for some 40,000 

students in the same place as famous research institutions. Excellent primary 

healthcare facilities as well as top-notch clinics make for one of the best health 

services in the world. 

Culturally, Zurich enjoys a premier reputation internationally for its opera and 

theatre playhouse. Some 50 museums are a focus for visitors, including the 

Kunsthaus, Rietberg Museum and the State Museum. Like Lucerne, the city of 

Zurich is located on the banks of a lake and is highly valued as a place of recreation 

and leisure by locals and visitors alike. 

Zurich 


Engelberg and the surrounding region offer not just a recreational paradise and 

breathtaking mountain scenery: the pedestrian zone in the centre of Engelberg is 

a perfect place for a stroll or a spot of shopping, and in the various bars and 

restaurants the focus is on delicious food and drink. 

From wellness to concerts, discos and cinema, via large playgrounds for families 

with children: Engelberg offers something for everyone, young and old. Also 

sports events – such as the internationally famous ski-jumping in Engelberg, the 

marathon races in Lucerne and Zurich, top-class football with FC Luzern or the 

rowing regatta on Rotsee Lake near Lucerne – are as much a part of this region 

as the mountains, glaciers and lakes. 

Lifestyle 


From Zurich Airport, Engelberg is a 75-minute drive. By car from Lucerne it takes 

just 30 minutes to reach Engelberg’s dream location. 

If you prefer public transport, the train will take you conveniently right to the village 

centre. 

From Engelberg it is just 15 minutes by car to the A2 autobahn, the Swiss northsouth 

axis, giving you a direct connection to both Zurich and Milan. 

Getting 

there 


Titlis Resort AG relies on the proficient marketing services of City Immobilien 

Management AG, Hergiswil. These real estate professionals have been a dependable 

and competent partner for various stakeholders on the residential property 

market in Central Switzerland for over 30 years. 

City Immobilien Management AG 

Hanspeter Würmli 

Pilatusstrasse 50 

Postfach 

CH-6052 Hergiswil 

Tel. +41 (0)41 632 40 80 

wuermli@city-immobilien.ch 

www.city-immobilien.ch 

For our international representatives: 

Investors in Property Ltd. 

Simon Malster 

120 West Heath Road, London, NW3 7 TU 

Tel. +44 (0)20 8905 5511 

simon@investorsinproperty.com 

www.investorsinproperty.com 

Contact

Titlis Resort Engelberg

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?