EPH Group AG Secures Deal for Resort Project in Vorarlberg

EPH Group AG has reached a preliminary agreement for acquiring a resort project in Vorarlberg. The property is strategically located near a cable car station, granting direct access to a prominent ski resort. Plans include developing a 4-star resort with 499 beds. Although the project has a building permit, EPH requires an amendment approval to proceed with their plans.

Intriguingly, the acquisition does not involve a cash transaction. Instead, EPH will compensate by allocating a specified number of parking spaces in an underground garage to be constructed at their cost. Finalizing this acquisition is contingent upon a detailed due diligence review and necessary amendments to existing permits.