Projected capital requirement
The investment presentation states a total net capital requirement of €5.85 million for all phases, external works and fit-out.
Financials
Financial overview
Sponsor projections for capital expenditure, occupancy, revenue and asset value—presented transparently and without implying certainty.
Existing commitment
€250,000 owner equity
The sponsor states that this amount has already been invested in the completed basement for Phase 1.
| Investment item | Net amount |
|---|---|
| Phase 1 “Stadl” construction | €1,970,000 |
| Chalets, phases 2–4 | €2,950,000 |
| External works, site protection and refurbishment | €700,000 |
| Interior fit-out and furnishings | €570,000 |
| Total projected net investment | €5,850,000 |
Accommodation forecast
Occupancy ramp and annual revenue.
The sponsor presentation models 350 operating days per year at an average bed price of €75, with occupancy rising from 55% to 75%.
Forecast limitation: these figures are revenue, not profit or distributable cash. They do not by themselves reflect operating expenses, platform commissions, maintenance, insurance, taxes, reserves, management fees or financing costs.
Asset value
Sponsor valuation narrative.
€3.2mCurrent combined asset value stated in the business plan, including Bad Schallerbach and Spital am Semmering assets.
€8.4mProjected post-completion asset value shown in the investment presentation.
The €8.4 million value is a sponsor projection. An independent valuation should test methodology, completion assumptions, stabilised net operating income, market yields and title/security position.