Skip to main content

EPH European Property Holdings announces the successful acquisition of its second hotel property in Dresden, Germany

1 July 2020, Road Town, Tortola, BVIEPH European Property Holdings (“EPH” or the “Company”) announces the acquisition of the hotel property in Salzgasse 4 in Dresden which is occupied by 4-star Hotel Innside Dresden of Melia Hotels & Resorts Group from Norpexal Holding SA & Fibona GmbH. The hotel is situated in the city’s historic Old Town right next to the famous Frauenkirche. The parties to the transaction agreed to not disclose the acquisition price to the public. Closing of the acquisition will take place tomorrow. This is the Company’s second hotel acquisition in 2020 completing the acquisition of nhow Hotel in Berlin in April 2020.The property in Dresden comprises an area of 15,550 sqm. with a total of 180 rooms, 46 underground parking spaces, a spa, restaurant, 261 sqm. of retail space and meeting rooms for up to 230 people. It was developed, planned  and built by the Wiesbaden based Developer FIBONA 10 years ago and is located in the historic centre of Dresden on the southern bank of River Elbe, very close to the main city attractions and Dresden Airport.The hotel is home to the award-winning international Twist Bar on the 6th floor as well as the modern, elegant VEN Restaurant. It is right next to the impressive baroque Frauenkirche and across from the Albertinum art museum. The world-famous Zwinger and historic Semper Opera House are just 500 metres away. The hotel provides modern rooms, ranging from a standard room right up to the premium two-floor studios with a rooftop view overlooking the Old Town.  The hotel is wholly rented out to Meliá Hotels International, one of the largest operators in Spain with a strong global presence, which currently operates 374 hotels in 40 countries. The current lease runs until December 2029, with two five-year extension options.In terms of sustainability, the hotel is a pioneer – it was the first hotel in Germany to receive the LEED Gold Certificate for “Existing Buildings”.Dresden is the capital of the German state of Saxony and is one of Germany’s largest university and college cities. In 2019, its GDP growth was 1.2% (2019) compared to the German national average growth of 0.6%. The city is a popular tourist destination in Germany both for domestic and international visitors, due to its extensive amenities and architecture ranging from a beautiful, historic city centre to its baroque churches and museums. In 2019, Dresden recorded 2.3m arrivals and 4.7m overnight stays, an increase of 3.1% and 1.6% respectively on the previous year.This acquisition is the latest in EPH’s on-going strategy to diversify its portfolio across major Western European markets, adding attractive real estate investments in stable markets with a strong long-term economic outlook. EPH believes that the long-term outlook of both the economy and tourism industry in Dresden makes this a desirable asset and its addition to the EPH portfolio will create long-term value for the Company’s shareholders.EPH European Property Holdings Ltd. is an investment company listed on SIX Stock Exchange which holds an extensive property portfolio with a total value of around EUR 1.3 billion. As part of its geographical diversification and strategic intentions to stablise values and cash flows, the company currently invests exclusively in Western Europe. EPH is managed by Valartis International Ltd. a wholly-owned subsidiary of Valartis Group AG.Additional information on EPH European Property Holdings is available by contacting Anna Bernhart Tel: +41 44 503 5400 or at contact@europeanpropertyholdings.com.Attachment200701 Press Release – Acquisition Innside Dresden final

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.