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    ASWN   CH0404880129


SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

ASMALLWORLD AG named Exclusive Hospitality Consultant for Croatian Land Holdings Plc

09/10/2021 | 01:27pm EST

EQS Group-Ad-hoc: ASMALLWORLD AG / Key word(s): Alliance ASMALLWORLD AG named Exclusive Hospitality Consultant for Croatian Land Holdings Plc 10-Sep-2021 / 19:25 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement.


Ad hoc announcement

ASMALLWORLD AG (SWX:ASWN) named Exclusive Hospitality Consultant for Croatian Land Holdings Plc

Zurich, 10.09.2021 - Today, ASMALLWORLD AG announced its appointment as Exclusive Hospitality Consultant for Croatian Land Holdings Plc, a real-estate investment company focused on the central Dalmatian islands. The scope of the agreement covers the company's landmark Brac MEDhills development project on the island of Brac, where ASMALLWORLD will assist with the assessment of development options for a unique parcel of land on the Adriatic Coast covering over 1M square metres.

Today, ASMALLWORLD AG announced that it has been appointed Exclusive Hospitality Consultant for Croatian Land Holdings Plc on a land development project in Brac, Croatia. Under the agreement, ASMALLWORLD will coordinate all strategic aspects of project development, including the management of potential partner brands, with the goal of maximizing the value of this 1M square metre real estate investment for its shareholders.

Brac MEDhills - attractive development opportunity in a unique Croatian island location

The Brac Project represents a unique development opportunity. The property is located on the island of Brac, on the Adriatic Coast of Croatia, and covers over 1M square metres of land with clean ownership title and all required planning permissions in place to construct on over 400,000 m2 of building land, achieving more than 335,000 m2 of gross developed area.

With an international airport just 15 minutes' drive from the project location, the property offers multiple development opportunities for residential tourist facilities amounting up to 2,000 beds plus leisure, commercial and medical treatment facilities. The site itself is divided into three zones, all interconnected with access roads.

Expanding ASMALLWORLD's position in the hospitality sector

ASMALLWORLD's primary role will focus on assessing development options and identifying strategic partners for the project. As project consultant, the company will work to secure LOIs from international luxury brands.

Under the new agreement signed today, ASMALLWORLD is also expected to support Croatian Land Holdings Plc in finding additional investors for the development, which has an estimated market value of USUSD 30-50M. In addition to consulting fees, ASMALLWORLD may also generate sales commissions in the range of USUSD 1.5-2.5M over the next 3 years, provided agreed conditions are met.

"I would like to thank Croatian Land Holdings Plc for the trust that they put in us for this unique project. Our work on MEDhills will further strengthen ASMALLWORLD's standing in the hospitality industry and significantly extend our work portfolio in this field," commented ASMALLWORLD CEO Jan Luescher.

About Croatian Land Holdings Plc

Croatian Land Holdings Plc has a strong track-record of real estate investments in Croatia since 2006 and focuses on the purchase of prime building land and the subsequent development and sale of residential properties.

Croatian Land Holdings Plc has a team of seasoned real-estate investors and engages some of the best architects, project engineers and legal and tax advisors in the region.

This press release and further information can be found at www.asmallworldag.com. The ASMALLWORLD Group

ASMALLWORLD is the world's leading travel & lifestyle community, focusing on experiences: the modern-day definition of luxury.

Centred around the ASMALLWORLD social network, the company operates a digital travel & lifestyle ecosystem which enables and inspires members to travel better, experience more and make new connections.

Members of the ASMALLWORLD social network connect through its app and website, where they can meet other members, engage in online discussions, receive travel and lifestyle inspiration, and enjoy a wealth of travel privileges.

Members also meet in person at over 1'000 global ASMALLWORLD events every year, ranging from casual get-togethers in major cities around the world, access to exclusive launches, shows, galas, soirees, exhibitions, major global sporting events, and larger flagship weekend experiences hosted in iconic destinations such as Saint-Tropez and Gstaad.

Other businesses of the ASMALLWORLD travel & lifestyle ecosystem include:

ASMALLWORLD Collection, a high-end online hotel booking engine focused on the world's most admired hotels, offering the unique "ASMALLWORLD Preferred Rate" which allows customer to enjoy exclusive travel benefits at no extra cost

ASMALLWORLD Private, a high-end travel agency offering personalised travel curation service

ASW Hospitality, a hotel management company that operates and manages the iconic North Is-land resort in the Seychelles

First Class & More, a subscription-based smart luxury travel service that allows members to enjoy luxury travel at insider prices

The World's Finest Clubs, the world's leading nightlife concierge offers its members VIP access to the most exclusive nightlife venues around the world

For more information, please visit:











ASMALLWORLD AG Jan V. Luescher, CEO Löwenstrasse 40 8001 Zurich Switzerland info@asmallworldag.com


End of ad hoc announcement


Language:     English 
Company:      ASMALLWORLD AG 
              Löwenstrasse 40 
              8001 Zürich 
ISIN:         CH0404880129 
Valor:        A2JE3W 
Listed:       Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Stuttgart, Tradegate Exchange; SIX Swiss 
EQS News ID:  1232757 
End of Announcement EQS Group News Service 

1232757 10-Sep-2021 CET/CEST

Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1232757&application_name=news

(END) Dow Jones Newswires

September 10, 2021 13:26 ET (17:26 GMT)

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Sales 2021 13,5 M 14,6 M 14,6 M
Net income 2021 0,90 M 0,98 M 0,98 M
Net Debt 2021 0,70 M 0,76 M 0,76 M
P/E ratio 2021 33,1x
Yield 2021 -
Capitalization 30,1 M 32,7 M 32,7 M
EV / Sales 2021 2,28x
EV / Sales 2022 2,38x
Nbr of Employees -
Free-Float 27,0%
Duration : Period :
Asmallworld AG Technical Analysis Chart | ASWN | CH0404880129 | MarketScreener
Technical analysis trends ASMALLWORLD AG
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 1
Last Close Price 2,65 CHF
Average target price 6,40 CHF
Spread / Average Target 142%
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Managers and Directors
Jan Luescher Chief Executive Officer & Director
Daniel Sutter Head-Finance & Controlling
Michael Manz Chairman
Alexander Koenig Director
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