If you are looking for really upscale hotels in Wagrain they do have one 5-star hotel, called Almmonte Suites Design Hotel. It is located about 1 km outside of the village centre but it is a highly rated hotel with the ski lifts just outside the door, an outdoor swimming pool and a spa. There are also some nice 4-star hotel options that are highly appreciated by its guest, for example Sporthotel Wagrain and Alpina Wagrain. For even more hotels in Wagrain you can find them all here.