Vienna-based hotel owner EPH Group AG plans to list its shares on the Vienna Stock Exchange and has finalized the increase of its share capital ahead of that initial public offering.
The firm, which has no open hotels yet, has signed a bevy of properties during 2025, some of which have been acquired during the last eight months or so from the original developers.
In an Aug. 27 news release, EPH announced an increase in share capital, with the previously announced volume of 70,000 shares to be increased to 1 million with a “nominal value of €1 each through the issue of 930,000 new shares with a nominal value of €1 each.”
The company added “new shares will be subscribed by the existing founding shareholders and around 20 new shareholders who will join the shareholder base.”
On July 9, EPH said its shares would be listed on the Vienna Stock Exchange's Multilateral Trading Facility by the end of September, and the non-cash capital increase by the end of the year.
On closing, EPH calculated its equity base would increase from €1.5 million ($1.75 million) in the red to €2.8 million in the black. It said the “number of new EPH shares to be transferred to the sellers will be calculated by dividing the receivables to be contributed by the reference price for the listing.”
On Aug. 19, EPH announced three development projects, including a 300-room mountain resort in the Kitzbühel Alps. As with the two other announced projects, EPH will hold 90% of the approximately 650,000-square-foot site through a subsidiary, in this case, Stellara Hospitality GmbH.
A second hotel project in the trio is a 280-room ski resort in Grossglockner, Austria.
Some will have internationally branded hotel operations.
The announcement said for the “land register-compliant property purchase agreements, it was agreed that the respective sellers undertake to contribute the purchase price claims — after deduction of bank liabilities — to EPH Group AG as a contribution in kind in exchange for EPH shares.”
Completion of the purchase agreements will be following the stock-exchange listing, EPH added.
In another development deal, EPH will soon open the first hotel within in-house brand Pure Place. Close to Lake Neusiedl just south of Vienna, the 200-room hotel will complement an existing, private golf course. EPH, via Pure Place Hospitality GmbH, has a long lease on the hotel, which covers more than 300,000 square feet.
In July, EPH signed a further three hotel projects, again all in Austria.
CoStar News Hotels contacted EPH but did not receive a response by publication time.