Aevis Victoria Acquires Hotel Schweizerhof, Zermatt, Switzerland

Main Photo: The Hotel Schweizerhof

Date: December 2020

Location: Zermatt, Switzerland

Name: The Hotel Schweizerhof

No. of Keys: 95

Seller: Victoria-Jungfrau hotels under the Michel Reybier Hospitality banner,

Buyer: AEVIS Victoria today signed an agreement regarding the acquisition of the Hotel Schweizerhof, a luxury hotel in Zermatt built in 1982 and fully renovated in 2018. AEVIS acquires both the operating and the real estate company of Hotel Schweizerhof, both of whom were indirectly held by Michel Reybier.

This integration further strengthens AEVIS’ position in the luxury hotel market in Zermatt. The Group now operates four luxury hotels in Zermatt….. Mont Cervin, Petit Cervin, Monte Rosa and Schweizerhof, which together count nearly 300 rooms.

Hotel Schweizerhof, located in the centre of the village on the Bahnhofstrasse, counts 95 rooms, three restaurants and a wellness area. Like all hotels developed by Michel Reybier Hospitality, Hotel Schweizerhof strongly focusses on the F&B offering both for hotel and external guests. Located in the heart of Zermatt, next to the train station, the hotel is expected to generate revenues of almost CHF 15 million in the long term. The property covers an area of 3’.43 sqm and a rental area of 8,007 sqm, divided over two buildings, five levels and a basement.

The total acquisition price amounts to CHF 63.2 million. This price is settled by the takeover of mortgage debt of CHF 24.5m and the issuing of 3,108,479 new AEVIS shares from a capital increase at the price of CHF 12.45 per share. The new shares are expected to be listed as of 14 December 2020.

AEVIS VICTORIA SA invests in healthcare, hospitality & lifestyle and infrastructure. AEVIS′s main shareholdings are Swiss Medical Network SA, the only Swiss private network of hospitals present in the country’s three main language regions,

THPT Comment: Clearly Aevis are now the major payer in this area of Zermatt, Switzerland…well done with this new acquisition.

First Seen: Aevis press release

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