11.12.2015
AURELIUS SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS sells two hotel properties in Munich
DGAP-News: AURELIUS SE & Co. KGaA / Key word(s): Disposal
AURELIUS sells two hotel properties in Munich
11.12.2015 / 07:30
The issuer is solely responsible for the content of this announcement.
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AURELIUS sells two hotel properties in Munich
- Buyer to act as long-term landlord for both GHOTEL locations
- Disposal of the entire hotel property portfolio now successfully
completed
- Strong contribution to profits in the high double-digit millions
Munich, December 11, 2015 - The AURELIUS Group (ISIN DE000A0JK2A8) is
announcing the sale of hotel properties in the Isarvorstadt and Nymphenburg
districts of Munich to a real-estate multi-family office. The ownership
rights are scheduled for transfer by the end of the year.
AURELIUS had acquired the two properties from Deutsche Annington in
exceptional circumstances at the beginning of 2011 together with three
further hotel premises in Munich, Hanover and Braunschweig. The premises in
the Glockenbachviertel district of Munich and Hanover were sold in August
and November 2015 respectively, and the location in Braunschweig had
already been disposed of in 2012. The restructuring and sale of the hotel
property portfolio has thus been successfully completed, generating a
strong contribution to profits at AURELIUS in the high double-digit
millions in the current fiscal year, 2015. The idea is for the AURELIUS
shareholders to enjoy the fruits of this in the form of a participation
dividend.
Under the terms of the sales agreements, long-term leases have been
concluded with GHOTEL hotel & living for the establishments that have just
been sold and the Hanover location. The GHOTEL Group is advancing its
expansion strategy with the continued operation of the three successful
hotel premises and the reopening scheduled for 2017 of the hotel in Essen,
which is currently being completed right by the main train station. Over
recent years, GHOTEL has already successfully positioned itself in the
promising 3-star business segment by reopening hotels in Koblenz (2010) and
Würzburg (2013). There are also plans to open more hotels at attractive
locations in Germany going forward. Jens Lehmann, Managing Director of
GHOTEL GmbH, has this to say about the expansion plans: "Above all
well-connected locations in up-and-coming cities provide opportunities for
us to strengthen the GHOTEL Group with more establishments."
At the same time, the AURELIUS Executive Board has reaffirmed its forecast
for total EBITDA to exceed EUR 220 million in the current fiscal year,
2015, to set yet another new record in the history of the company.
ABOUT AURELIUS
AURELIUS is one of the leading European investment groups. From its offices
in Munich, London, Stockholm and Madrid, AURELIUS acquires participations
with development potential. Once under the AURELIUS umbrella, the
acquisitions are given a long-term strategic orientation in order for them
to fully develop their potential.
Currently, the AURELIUS Group consists of 23 subsidiaries with locations in
Europe, Asia, and the U.S.A. These include numerous traditional consumer
brands, services businesses and a number of industrial enterprises.
Companies are acquired based on strict investment criteria without focusing
on any particular industry. Shares of AURELIUS SE & Co. KGaA are listed in
the m:access segment of the Munich Stock Exchange and are traded on all
German stock markets under ISIN DE000A0JK2A8.
To find out more, visit www.aureliusinvest.com
CONTACT
Anke Banaschewski
Investor Relations & Corporate Communications
Phone +49 (89) 544799 - 0
Fax +49 (89) 544799 - 55
[email protected]
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11.12.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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