EPH Group AG Eyes Expansion with New Alpine Resort Project

EPH Group AG recently confirmed the acquisition of a premium resort project in Vorarlberg. This aligns with their strategy to enhance their portfolio in core DACH tourism markets. The resort promises prime Alpine access, catering to international travelers interested in year-round active holidays, wellness, and relaxation. The site, equipped with a valid building permit, assures a smooth execution path.

Uniquely, EPH plans to leverage capital efficiency in the transaction by trading parking spaces for acquisition costs, thus minimizing initial capital outlay. This reflects their asset-light, partnership-driven approach. The project's strategic location in a high-demand Alpine area positions EPH to capitalize on market consolidation.

This development, while not yet closed, highlights EPH’s adept deal sourcing as they prepare further capital increases and project financing. They maintain a BUY recommendation with a target price of €102, based on discounted cash flow projections.