Frankfurt am Main, 23.05.2023 (pta/23.05.2023/06:45 UTC+2)
Frankfurt am Main, 23.05.2023. lodgyslife AG, (WKN: A2LQ71, ISIN: DE000A2LQ710), an investment company focusing on investments in owners and operators of campsites in the DACH region, reports the takeover of the first campsite in Germany. Camping Lodge AG, a subsidiary of lodgyslife AG, has been awarded the contract for the operation of the Bostalsee campsite by the district of Sankt Wendel with effect from 01.01.2024.
In its meeting of 15.05.2023, the district council of Sankt Wendel awarded Camping Lodge AG the contract for the operation of the Bostalsee campsite from 01.01.2024. The campsite has an area of 14 hectares with a total of 450 pitches (tourist and permanent tenants). Furthermore, there are 3 rental caravans, 2 rental tents, 5 rental accommodations for families and a large tent meadow. The campsite is located in the touristically important region of Saarland in the middle of the Saar-Hunsrück Nature Park on the 120-hectare Bostalsee.
A ground lease contract will be concluded for a period of 30 years with an annual ground rent of EUR 105'000.00 in favor of the district. The purchase price for buildings and facilities amounts to EUR 3.4 million. An independent operating company will be established on site to operate the campground. Over the next five years Camping Lodge AG will invest around EUR 4.4 million in the campsite for value accretive revitalization and expansion.
Udo Recktenwald, District Administrator of the Sankt Wendel district: "With several interested parties, Camping Lodge AG's veritable offer met all the conditions we set. In addition, the company presented us with a convincing operating concept in which sustainability, family-friendliness and regional roots play an important role. Details are still being clarified, but one thing can already be said: the campsite will not only be retained, it will also be upgraded in terms of quality. A significant development in our tourism region.".
Jan Vyskocil and René Müller, both management board members of lodgyslife AG as well as Co-Chief Campers of Camping Lodge AG: "We thank the district of Sankt Wendel for the trust put in us and are extremely pleased to realize our first campsite in Germany with the wonderful site at the Bostalsee. The Bostalsee is internationally known and popular and we feel obliged to preserve this place in the heart of Europe in its character and to lead it into a sustainable future. It makes us particularly proud, that we were able to prevail with our operating concept against other well-known competitors in a Europe-wide tender."
Camping Lodge AG already operates six campsites in Switzerland. The acquisition of the Bostalsee campsite is a first important step in the company's expansion plans in the German-speaking region.
The Management Board
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