EPH Group AG, a Vienna-based hotel real estate investment and development company, has been granted a building permit for an exclusive boutique design hotel at Lake Tegernsee in Bavaria. The permit, announced on October 27, 2026, fulfills a key condition precedent for the company’s acquisition of the project, which was initially agreed upon through a term sheet on February 26, 2026. The final purchase agreement is expected to be signed shortly, with construction to commence immediately thereafter.
The approximately 4,500-square-metre site is located in an elevated position with panoramic views of Lake Tegernsee. The project envisions a premium, design-oriented resort aimed primarily at discerning guests who value individuality, tranquility, and an exceptional location. The hotel is expected to be operated by an internationally established hotel operator.
The development matters for investors because it is intended to be financed in part through proceeds from EPH Group AG’s new secured corporate bond 2026/2033 (ISIN: AT0000A3XVE4). The bond has a total issue volume of up to EUR 50 million, a seven-year term, and offers an annual interest rate of 10 percent, with interest payments distributed to investors monthly. The bond is secured by pledges over shares in subsidiaries and affiliated companies of EPH Group AG, including shares in the project company that will become the owner of the Lake Tegernsee hotel project.
The subscription period is scheduled to run from October 28 to November 25, 2026. Trading in the corporates prime segment of the Vienna MTF of the Vienna Stock Exchange is expected to commence on December 1, 2026. The public offering of the bonds is being made exclusively through and on the basis of the securities prospectus published on the issuer’s website at www.eph-group.com, which was approved by the Luxembourg financial supervisory authority (CSSF) on October 23, 2026, and notified to the German Federal Financial Supervisory Authority (BaFin) and the Austrian Financial Market Authority (FMA).
The prospectus contains the final terms and conditions and is available free of charge at https://eph-group.com/assets/wertpapierprospekt-anleihe-2026-2033.pdf. Approval of the prospectus by the CSSF should not be understood as an endorsement of the securities offered. Investors are strongly advised to read the prospectus before making an investment decision in order to fully understand the potential risks and opportunities associated with investing in the securities.
Founded in 2023, EPH Group AG specializes in hotel real estate in the DACH region (Germany, Austria, and Switzerland). Its shares are traded on several German stock exchanges, and its current portfolio comprises ten projects in Austria and Germany. The Lake Tegernsee project adds to the company’s pipeline of premium hotel properties with international positioning and long-term value appreciation potential. Further information about the company and its projects is available at https://eph-group.com/.
