MHP Hotel AG

Latest Results (07.11.2025):

MHP Hotel AG’s Q3 2024 report highlights a resilient performance amid a challenging prior-year base. Despite a very strong reference period marked by one-off demand events, the company maintained high occupancy levels and solid pricing, while achieving a 2% year‐over‐year increase in total hotel sales to €45.2 million. The results were further supported by excellent performance in food & beverage and the early ramp-up of its new luxury asset, Conrad Hamburg, setting a strong stage for achieving FY25 guidance.

Occupancy & Pricing Stability

In Q3 2024, overall occupancy reached 81% (versus 82% in the comparable period), with the Average Daily Rate (ADR) at €228 compared to €229. This near-stability underlines MHP Hotel AG’s sustained pricing power and robust demand across its portfolio.

Revenue Growth & F&B Strength

Total hotel sales climbed 2% year-over-year to €45.2 million, with food & beverage revenue notably increasing by 11% to €8.8 million, underscoring the successful execution of MHP’s high-margin culinary concepts even as other segments faced challenging comparables.

New Asset Contribution

The early-stage performance of the newly opened 283-room Conrad Hamburg is promising. Reporting an occupancy of 79% and ADR of €227, the asset is quickly aligning with group performance and adding over 10% capacity, which supports the company’s premium positioning in the luxury market.

Robust Outlook & Capital Position

Supported by strong Q3 fundamentals and the ongoing ramp-up of additional properties such as the Koenigshof in Munich, management’s FY25 guidance of €180 million in sales and €15 million EBITDA appears attainable. Moreover, following a recent €4.5 million capital increase, MHP Hotel AG stands well positioned financially—with a “war chest” exceeding €10 million and attractive opportunities for future portfolio expansion.