Portfolio Summary
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
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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
- Roll Up Memorandum
- Advisory Committee Memorandum
- Photos of Interlaken Refurbishment Process - Dec 2002
- Interlaken Hotel Website
- Interlaken Hotel listed on Tchibo
View Website
