Analysis on MHP Hotel AG: Buy Recommendation

MHP Hotel AG, a premier white-label hotel operator in the DACH region, has received a "BUY" recommendation from NuWays AG. With its strategic role connecting investors and hotel chains, MHP has carved out a strong market position. The company operates within the luxury hotel segment, capitalizing on its strong reputation since its 2012 inception.

MHP's portfolio includes ten hotels, featuring its boutique brand MOOONS, and maintains two upcoming projects: Conrad Hamburg and Autograph Collection Hotel in Stuttgart. The company's average daily rates in Germany are industry-leading, reflecting its quality and pricing strength.

Forecasted sales growth and margin improvements indicate lucrative shareholder returns. With an attractive valuation at 4.5x EV/adj. EBITDA for FY25e, the recommendation is supported by a €3.00 target price utilizing a DCF model.