The family sold the Bürgenstock Resort to the major Swiss bank UBS in 1996. The buildings were acquired in 2000 by Richemont Héritage SA of Vich, Canton Vaud together with five other five-star hotels indebted to the UBS for about CHF 115 million. The company changed its name to Rosebud Hotels Holding SA in 2003 after disposing of its Hotel Richemont. The Barwa Real Estate Company, domiciled in the Emirate of Qatar, took a 50% holding in the company's assets in 2007 which, alongside the Bürgenstock hotels, comprised the Schweizerhof in Bern and Royal Savoy in Lausanne. The Barwa Real Estate Company separated from Rosebud Hotels Holding SA in 2008 to become sole owner of the Bürgenstock Resort. The Barwa Real Estate Company transferred its Swiss hotel portfolio to the Qatari Diar Real Estate Investment Company in 2009. The latter is wholly owned by the State of Qatar; its subsidiary QDHP Swiss Management AG was responsible for managing the Swiss hotel projects. In 2011 Katara Hospitality, a subsidiary of the Qatar Investment Authority (the Emirate of Qatar's sovereign wealth fund), became the new investor. The Bürgenstock Selection brand was created that same year. This incorporates the new Bürgenstock Resort, the Hotel Royal Savoy in Lausanne and the Hotel Schweizerhof in Bern. The Swiss activities were transferred in 2012 to Katara Hospitality Switzerland AG, domiciled in Zug. The latter is the company that operates the hotels in Switzerland.