EPH Group AG has reached a critical milestone in its German hotel development portfolio with the granting of the building permit for an exclusive boutique hotel overlooking Lake Tegernsee in Bavaria. The permit, announced on October 27, 2026, fulfills a condition precedent set in a February 2026 term sheet for the acquisition of the approximately 4,500-square-metre site, allowing the final purchase agreement to be signed shortly and construction to commence immediately thereafter.
The project envisages a premium, design-oriented resort with panoramic lake views, targeting discerning guests who value individuality, tranquility, and an exceptional location. An internationally established hotel operator is expected to manage the property. The building permit's approval removes the primary regulatory hurdle for the development, transforming a conditional agreement into an actionable project and signaling EPH Group's ability to execute on its pipeline in the DACH region.
Financing for the boutique hotel will be partly covered by proceeds from EPH Group's new secured corporate bond 2026/2033 (ISIN: AT0000A3XVE4). The bond offers a total issue volume of up to EUR 50 million, a seven-year term, and an annual interest rate of 10 percent, with monthly interest distributions to investors. It is secured by pledges over shares in subsidiaries and affiliated companies, including the project company that will own the Lake Tegernsee hotel. The subscription period runs from October 28 to November 25, 2026, with trading on the corporates prime segment of the Vienna MTF expected to begin on December 1, 2026. The bond's security structure ties investor returns directly to the success of the hotel project, making the building permit a pivotal de-risking event for bondholders.
Investors can access further details through the company's website at www.eph-group.com, where the securities prospectus approved by the Luxembourg financial supervisory authority (CSSF) on October 23, 2026, is available. The prospectus, which contains the final terms and conditions, can also be downloaded directly at https://eph-group.com/assets/wertpapierprospekt-anleihe-2026-2033.pdf. The prospectus was notified to the German Federal Financial Supervisory Authority (BaFin) and the Austrian Financial Market Authority (FMA). Approval by the CSSF does not constitute an endorsement of the securities, and investors are advised to read the prospectus to fully understand the risks and opportunities.
The Lake Tegernsee project is one of ten hotel developments in EPH Group's portfolio across Austria and Germany. Founded in 2023, the Vienna-based company specializes in hotel real estate in the DACH region, developing projects to construction-ready status and implementing selected ones independently. Its shares trade on several German stock exchanges, including the Open Market of the Stuttgart Stock Exchange since 2025, the Primary Market of the Dusseldorf Stock Exchange since 2026, and the Open Market of the Frankfurt Stock Exchange and Xetra since May 2026. The building permit not only advances this specific hotel but also reinforces EPH Group's credibility in delivering premium hotel properties with international positioning and long-term value appreciation potential. For a young company with an attractive project pipeline, achieving permit approval on a flagship asset demonstrates operational competence and supports its broader financing strategy. The original release is available via www.newmediawire.com.
