EPH European Property Holdings has bought the five-star Hotel Trois Couronnes in Switzerland. The acquisition price and the seller were not disclosed.
The hotel is situated in an historic property in the city Vevey on the Swiss Riviera.
The historic property was originally developed in 1842 on the foundations of a medieval castle and is situated directly on the lake-front with views over the Alps.
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. EPH sees it as a value-add acquisition and plans to redevelop the property in the coming years.
EPH is an investment company listed on SIX Swiss Exchange. It has a commercial property portfolio with a total value above €900 million, including real estate assets in Berlin, Hamburg, Stuttgart, Dresden, Switzerland and Vienna.