The historic property was originally developed in 1842 on the foundations of a medieval castle and is favorably situated directly on the lake-front with high pedestrian flow, optimal accessibility and great views over the Alps. Vevey’s lakeside location with breathtaking views of the Alpine panorama, its extraordinarily mild climate, the vineyards, numerous excursion destinations in the region characterise this town by
As of today, the hotel encompasses an area of almost 16,000 square meters with 71 hotel rooms, 2 restaurants, a bar and a SPA area with a swimming pool as well as meeting room facilities. Apart from the acquisition of the historic hotel property, EPH acquired the hotel operations with approx. 70 full time employees. Moreover, it is not only the acquisition of an operative business but the strategic decision to expand the portfolio with a value-add property which is planned to be redeveloped in the coming years.
EPH has confidence in the Swiss Rivera hotel market as well as the success of the development potential situated in the historic property.
EPH EUROPEAN PROPERTY HOLDINGS PLC is an investment company listed on
Additional information on
Attachment
- 231219 EPH Press Release_Acquisition Trois Couronnes
© OMX, source