EPH Group AG to Acquire Two Hotel Projects in Bavaria

EPH Group AG has reached a preliminary agreement for acquiring two hotel projects by a renowned Upper Bavarian lake. This acquisition involves a purchase price in the low double-digit million-euro range. The landowner and a hereditary building right holder are part of this agreement.

The planned developments include a 4-star superior design hotel with approximately 220 beds, currently pending a building permit. Additionally, a boutique hotel, which has the permit, will be developed based on a hereditary building right. Both projects will be managed by wholly owned subsidiaries of EPH.

Part of the financing will occur via a capital increase excluding existing shareholders' subscription rights. A seller will receive newly issued EPH shares for a EUR 2.5 million claim. Finalizing these agreements depends on a due diligence review and other legal approvals.