the Falkensteiner Hotel Group and the online capital formation platform Finnest are teaming up again to raise capital for the hotel chain. Austria-based Finnest is a debt and equity crowdfunding platform that claims to be the largest in the Nordic region following its merger with Invesdor.
Falkensteiner has already raised around 13.1 million euros on Finnest in 2019. This was followed by an additional 3.7 million euros last year. Falkensteiner is responsible for some of the most successful deals to date on Finnest.
“The crisis has shown us very clearly: our customers are loyal to us – almost 90% of all bookings made before the closures have not been canceled, but converted into vouchers. Now the need for vacation and relaxation is greater than ever and the current booking situation makes us extremely optimistic and positive ”, explained the member of the board of directors of Falkensteiner. Otmar michaeler. “Our motto remains: to achieve something together with the strength of many is a fundamental principle, especially in our time, and concerns the future. “
FMTG Group – Falkensteiner Michaeler Tourismus is described as one of the most successful private tourism companies and a leading provider of holiday hotel focused in the high end segment. Founded in 1957, the FMTG group is today represented in seven European countries with 27 hotels, 3 apartment complexes and a premium campsite. FMTG’s annual revenue was 174 million euros in 2019. Understandably, COVID dropped revenue last year to 105 million euros.
The current supply of securities allows investors to participate in a qualified subordinated loan. The minimum investment is € 1,000 for a period of five years. Investors can expect to receive a fixed annual interest rate of 4%. Investors can opt for another form of payment in the form of hosting vouchers and will receive a 50% bonus from Falkensteiner.
The current offer is intended to accompany the completion of the new 5-star hotel in Cortina d’Ampezzo and the renovation of the Falkensteiner Spa Resort Marienbad.
Michaeler claims that high-quality hotels with a strong brand core recover from a recession faster because they can count on a large proportion of repeat customers and are much more in demand than offerings in the low-cost segment:
“Having premium offers in tourism has often shown the potential to reach pre-crisis levels particularly quickly. “
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