Dr. Peters Baltic Sea Hotel Fund reports strong results

•    Above-average revenues despite pandemic restrictions
•    Hotel benefits from increased demand for activity and seaside holidays
•    Investment company in strong economic position

Dortmund, 20 June 2022 - The closed-end real estate fund “DS18 Club- und Sporthotel Grömitz”, managed by Dr. Peters Group, continues to perform outstandingly well. Despite the course of the corona pandemic, the hotel (located on the Baltic Sea) has succeeded in generating first-class business results in the past two years. In the summer months the figures even exceeded pre-pandemic levels.  This year too, the fund company expects results to be significantly higher than values achieved before the pandemic. 
Nils Hübener, Co-CEO of Dr. Peters Group, comments: "Our hotel is hugely benefitting from high demand for activity and recreation holidays at the Baltic Sea, driven by ongoing restrictions on foreign and long-distance travel due to the pandemic." 
The average room occupancy rate - based on actual days the hotel was open - was 87.1% in 2020, achieving 90% in 2021. This rate was accompanied by high increases in average overnight prices and in the revenue from accommodation per available room. Both values were around 20 to 25% above pre-pandemic levels in the past two years. "We also expect above-average revenues in 2022, following occupancy rates over Easter and the Whitsun holidays of again over 90 per cent. The number of pre-bookings for the coming summer months are also encouraging," says Hübener.

Investors can expect high returns
For investors, the positive trend is clearly measurable. The fund company is in a very good economic position thanks to its competent and successful management. The sales revenues and operating results increased strongly despite the pandemic, and the repayment of debt capital is going ahead according to plan. In addition, investors will receive a 5% pay-out for 2021 - assuming liquidity remains high - and a projected pay-out of 12% for 2022. Management expects a further increase in the coming year.
"In these times of high inflation, this is particularly good news for our investors and is evidence that long-term orientated real-estate investments can be worthwhile", emphasises Hübener. 

Well-managed hotel in a prime location
The fund, launched in 1986, benefits from the excellent location of the hotel and the experienced management. The 4-star hotel is situated directly on the beach of the idyllic Baltic Sea town of Grömitz (Schleswig-Holstein) and is managed under the Carat brand. The 157 rooms and 2 suites were modernised between 2017 and 2020, as were the lifts, breakfast room and bar. Guests value the hotel's own spa facilities and the wide variety of sports and leisure activities in the surrounding area. Visitor reviews on the usual online portals are excellent, underlining the quality of the hotel.

About Dr. Peters Group:
Dr. Peters Group is an owner-operated, independent group of companies owned by the Salamon family. The group has been structuring and managing real estate investments for private and institutional investors since 1975. 
The very first products were funds with which investors could successfully invest in real estate.  The focus was, and still is, on the hotel, retail, and care sectors.
Dr. Peters Group has launched 146 funds in total - with more than 95,000 shares and a total investment volume of over €7bn. This makes the Dr. Peters Group one of the leading German providers of tangible asset investments. Dr. Peters Group employs around 120 people at its locations in Dortmund, Hamburg, and London.

Press contact
Sebastian Podwojewski 
Head of Corporate Communications
Dr. Peters Group 
Telephone: (0231) 55 71 73 - 580 
E-Mail: sebastian.podwojewski@dr-peters.de