In 1856 the later legendary Johannes Badrutt first took out a lease on the former Pension Faller. He then acquired the establishment in 1858 for the sum of 28,500 francs, promptly rechristened it the Hotel Engadiner Kulm, and thus opened the first hotel in St. Moritz.
The Kulm Hotel St. Moritz now belongs to a finance company under the aegis of the Niarchos family. Its worthy heritage is thus nurtured and guided forwards with a blend of diligence, commitment and farsightedness. Hotel pioneer Johannes Badrutt would indeed be satisfied.