CONCEPT overview



  • To purchase tourism projects in Europe, especially in Germany, Austria and Switzerland, and in the Mediterranean region, especially in countries such as Italy, Egypt, Spain, Tunisia, Greece, Turkey and Morocco
  • To purchase approximately 35–40 assets with an average price of €12.5–€15 million
  • To purchase particularly distressed loans and distressed properties
  • To purchase operator-free existing properties and uncompleted objects if necessary





  • Planned initial return: 5% (gross per year)
  • Planned target return: Up to 15% (gross per year)
  • Investment volume: Total investment up to €500 million





  • 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
  • Exclusively equity-financed purchase of properties without external borrowing
  • Valuation of properties based on feasibility studies by a management consulting company in the investment company’s sphere
  • Increasing value through the optimization of business operations (quality optimization) and marketing (quantity optimization) by a management company from the network of the investment company
  • Assuming the tourism in the MENA and Mediterranean region recovers in the medium term, reselling of properties will be possible at a higher value than the purchasing price






  • The performance of some of the purchased properties depending on the associated resurgence of tourism
  • Demand for tourism properties generally depends on the location (economy, culture and tourism)
  • Impossibility of the optimization of the business operation and its marketing by the management company due to factors that cannot be influenced