lodgyslife AG has been awarded the contract for the Bostalsee campsite in the Sankt Wendel district

Frankfurt am Main, 22.05.2023. lodgyslife AG, (WKN: A2LQ71, ISIN: DE000A2LQ710), an investment company focusing on investments in operators and owners of campsites in the DACH region, may report the acquisition of the first campsite in Germany. Camping Lodge AG, a 100% subsidiary of lodgyslife AG, has been awarded the contract by the district of Sankt Wendel to operate the Bostalsee campsite as of January 1, 2024.

In its meeting of 15.5.2023, the district council of Sankt Wendel (Saarland) awarded Camping Lodge AG the contract to operate the Bostalsee campsite from 1.1.2024. The site has an area of 14 hectares and has 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 tourist region of Saarland in the middle of the Saar-Hunsrück Nature Park on the 120-hectare Bostalsee.

A ground lease agreement is 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. About EUR 4.4 million will be additionally invested by Camping Lodge AG in the campsite over the next five years for value-adding 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 had set. In addition, the company presented us with a convincing operating concept in which sustainability, family-friendliness and regional anchoring 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 board members of lodgyslife AG as well as Co-Chief Camper of Camping Lodge AG: "We would like to thank the district of Sankt Wendel for the trust placed in us and are extremely pleased to realize our first campsite in Germany with the wonderful site at Bostalsee. Bostalsee is known and loved beyond the region and we feel obliged to preserve the character of this site in the heart of Europe and to lead it into a sustainable future. The fact that we were able to prevail with our operating concept against other well-known competitors in a Europe-wide tender makes us particularly proud."

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.