Corporate
Outlook: Observation
Action date: 04/08/2020
Rating action: Downgrade

TYCHE GESTION CORPORATION BV

Tyche operates as a hotel group that includes four five-star resorts, three of which are located in Punta Cana (Dominican Republic) and one in Cancún (Mexico). The establishments are oriented towards luxury all-inclusive tourism, which operate through the Majestic brand. In 2019 (Non-Audited), the group reached a consolidated turnover of € 117.7MM and an EBITDA of € 29.9MM (EBITDA margin: 25.4%), with a NFD/EBITDA ratio of 7.9x.

Rating

Solicited
Date last rating: 04/08/2020
Date first rating: 04/19/2018