Premium Hotel Group in Austria Leverages Alternative Finance with Finnest

Premium hotel group Falkensteiner Hotels & Residences is using an alternative finance platform to raise capital as part of an expansion plan. The Austrian company has listed an investment offer on Finnest.com to allow its guests to become investors.

The award-winning hotel group operates 32 locations in the upscale 4 and 5-star category in six countries (Austria, Italy, Croatia, Serbia , Czech Republic and Slovakia). This includes the Schlosshotel Velden in Carinthia, that was featured in the TV series “Ein Schloss am Wörthersee“. The hotel company has more than 1.7 million overnight stays each year with a capacity of 4620 rooms. The Falkensteiner hotel group recently generated a turnover of more than € 160 million.

Investors may support the debt offer from €1,000 euros and up. The security has a term of five years. Interested investors can bid by indicating their preferred interest in a range of 3 to 5%. The auction like opportunity allows Falkensteiner to select the best options for financing. Additionally, investors at certain levels may receive certain perks.

Otmar Michaeler, co-owner and CEO of FMTG – FalkensteinerMichaeler Tourism Group, says that investment crowdfunding underlines the fundamental values of their company such as tradition and innovation. The new capital will be used to add new hotel locations.

“We are strengthening our brand and bringing it into new markets, especially in Germany and in the Adriatic region, “says Michaeler. “On the wish list next are destinations in southern Germany are in particular selected locations on the North and Baltic Sea.”

Joerg Bartussek, co-founder of Finnest, explains:

“The Falkensteiner Hotel Group fits perfectly into the search profile of our investors. A traditional, financially strong company with good credit”

The story of the Falkensteiner Hotels & Residences began in 1957 with a 7-bed guest house in South Tyrol.

“With over 2,000 employees, we try every day to provide the same hospitality of the small guesthouse that my parents operated,” says Erich Falkensteiner, co-owner and Chairman of the Supervisory Board of FMTG.


Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!

Sponsored Links by DQ Promote

Send this to a friend