European Prospective Investment Company expands its portfolio in Switzerland by acquiring the Trois Couronne Hotel in Vevey.

December19, 2023, Limassol, Cyprus - European Property Holdings PLC ("EPH") is pleased to announce the successful acquisition of 100% of the shares in the 5-star Hotel Trois Couronnes in Switzerland (ENDwww.hoteltroiscouronnes.ch). The hotel is located in a historic building in Vevey, which is considered one of the "pearls" of the Swiss Riviera. The parties to the deal have agreed that the purchase price will not be disclosed publicly. Closing of the transaction is expected in the following weeks and is subject to various conditions.

The historic building was built in 1842 on the site of a medieval castle and is located directly on the lake shore with high foot traffic, optimal accessibility and excellent views of the Alps.

The hotel offers nearly 16,000 square meters of space, including 71 rooms, 2 restaurants, a bar and spa area with swimming pool, as well as meeting and conference facilities. In addition to acquiring the historic hotel property, EPH acquired the operations of the hotel with approximately 70 full-time employees. Moreover, this is not only an acquisition of an existing business, but also a strategic decision to expand the portfolio with a value-added property that is planned to be renovated in the coming years.

EPH has full confidence in the success of the Swiss Riviera hotel market and in the development potential that the historic building represents.

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European Property Holdings PLC is an investment company that trades on the SIX Swiss Exchange and has a commercial real estate portfolio with a total value in excess of €900 million, including properties in Berlin, Hamburg, Stuttgart, Dresden, Switzerland and Vienna.

Further information about European Property Holdings PLC can be obtained by contacting Anna Bernhart on +41 44 503 5414.