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SMG Holding, an IPO sponsor and investor focused on the European medium-sized business sector, announces the listing of Sircle Hospitality Group, a European lifestyle hospitality group (“Sircle Hospitality Group”). Following the listing, the company has an expected market capitalization of around EUR 250 million with a total value of the hotel real estate portfolio of over EUR 400 million. Sircle Hospitality Group intends to use the funds for growth investments and the expansion of the hotel portfolio. The listing of Sircle Hospitality Group on the regulated market of the Frankfurt Stock Exchange (General Standard) is planned for the second quarter of 2024.
An expert real estate investment group specialized in hospitality across Europe. With a focus on Sircle Collection and its expanding portfolio of hotels and restaurants, SHG has successfully scaled its vision to new and exciting cities across Europe. While generating long-term value for our partners, we ve created a unique set of brands that deliver endless opportunities for growth in the hospitality sector. Join us on this exciting next chapter as we continue to shape the future of our industry.
EQSAdhoc SMG European Recovery SPAC SE Key word Letter of IntentMerger SMG European Recovery SPAC SE Execution of Letter of Intent concerning potential Business Combination 20Dec2023 1816 CETCEST Upd