Purchase of Tourism Projects in Europe, especially in Germany, Austria und Switzerland and Mediterranean region especially in countries like Italy, Egypt, Spain, Tunisia, Greece,
Turkey and Morocco
Purchase of approx. 35 to 40 assets with an average price of € 12.5 million to € 15 million
Objects of purchase are particularly distressed loans and distressed properties
Purchase of operator free existing properties, if necessary also uncompleted objects
PARAMETER
Planned initial return: 7% (gross p.a.)
Planned target return: Up to 15% (gross p.a.)
Investment volume: Total investment up to € 500 million
PARTNERSHIP
WITH EXPERIENCED TOURISM SPECIALISTS
Access to hotel properties and other tourist facilities
Extensive expertise in hotel and tourism (hotel conception, operational management, asset management, administration, consulting, etc.)
Many years of experience in the hotel industry, tourism, and gastronomy
Investment with appreciation potential
Purchase of properties based on the current EBITDA, which is usually significantly below the real value
Purchase of properties are exclusively equity financed without external borrowing
The valuation of properties is based on feasibility studies by a management consulting company in the investment company’s sphere
Increasing value by optimization of business operations (quality optimization) and its marketing (quantity optimization) by a management company from the network of the investment company
A stabilization of the political situation will lead to a rebound in tourism in these regions
On the assumption that the tourism in Mena and Mediterranean region recovers in the medium term, reselling of properties will be possible at a highervalue than the
purchasing price
RISKS
The performance of some of the purchased properties depending on the political stabilization in the region and the associated resurgence of tourism
Demand for tourism properties generally depends on the location (economy,culture, tourism)
Impossibility of the optimization of the business operation and its marketing by the management company due to these factors which cannot beinfluenced