Patron Capital - Swiss Hotels

Our historic investments are listed below. Click for further details

Fund	Name	Region
Patron Capital, L.P. II	UK Small Office Program, L.P. II	UK
Patron Capital, L.P. II	Vectrane	France
Patron Capital L.P. I	Arts	Spain
Patron Capital L.P. I	Bratislava Carlton	Slovakia
Patron Capital L.P. I	Burzovni Palac	Czech Republic
Patron Capital L.P. I	Drury Lane	UK
Patron Capital L.P. I	igroup	UK
Patron Capital L.P. I	Midlands	UK
Patron Capital L.P. I	Polish NPLs	Poland
Patron Capital L.P. I	Santa Maria	Italy
Patron Capital L.P. I	Simon Storage	UK
Patron Capital L.P. I	Swiss Hotels	Switzerland
Patron Capital L.P. I	UK Small Office Program, L.P. I	UK

Fund	Patron Capital L.P. I
Location	Interlaken & Leukerbad, Switzerland
Inv. Date	June 2001
Inv. Strategy	Distressed / Undervalued Assets

Swiss Hotels

Interlaken

Acquisition of a 101-room, 5-star hotel in Interlaken, Switzerland
Acquisition Cost of CHF 17.3m
EBITDA of CHF 1.7m (in bankruptcy)
Part of Swiss Hotel strategy, following Leukerbad
Two exit options:
Sale & leaseback with sale to the pension fund / German retail market
Hold and exit as performance is enhanced
Interlaken Hotel Website
Interlaken Hotel listed on Tchibo

Leukerbad

Acquisition of portfolio of assets in Leukerbad, Switzerland
Well known town bankruptcy requiring sale of assets
2 hotels, 2 apartment buildings, large health spa and land
Spa is the largest Wellness Spa in Western Europe
View German Offering Memorandum
Unofficial English Translation of Offering Memorandum
Lufthansa Announces Awards Program

Interlaken

Leukerbad

Leukerbad

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