PARAMETER OF THE KG

  LOCATION  
  • Geographic focus: Europe and the Mediterranean region; a mixture of strong and stable tourism countries and countries with a weak tourism sector such as Egypt, Tunisia and Morocco
 

OBJECTS

 
  • Primarily existing properties without operator and, if necessary, the purchase of uncompleted projects („distressed properties“ and „distressed loans“)
  • The properties will be divided into two categories with in each case approx. 50% of the asset volume: 
  • Individual properties up to €10 million
  • Resorts and large hotels higher than €10 million 
  CONCEPT  
  • Volume: Total investment up to €500 million 
  • Legal structure: Asset managing limited partnership 
  • Risk: In relation to third parties, liable contribution registered in the commercial register 
  • Equity capital (planned): Financing of the purchase of properties is 100% equity financed without external borrowing 
  • Prognosticated term: After 5–10 years 
  • Prognosticated initial return: 5% (gross p.a.) 
  • Prognosticated target return: Up to 15% (gross p.a.)  

 

 

BOARD & ASSET MANAGEMENT

 
  • HOREAL Management- and Beteiligungsgesellschaft mbH