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Axios Hospitality to act as exclusive asset manager for Blackstone hotels
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Fichtmueller advises Event
Munich. For a few weeks now, the asset manager Martin Fichtmueller from Munich has been devoting increasing attention to the properties of the joint venture of the American investment bank The Blackstone Group and the Event Management GmbH, Cologne.
A trial of strength
Cologne. The Event hotel group, joint-venture partner of Blackstone in Germany, is currently engaged in a quarrel with a British consultancy for real estate financing over commission payments. A major international hotel chain won a lawsuit in September 2006, as Event Hotel GmbH failed to pay franchise fees worth millions of euros. Payment is still due, while the affected Event GmbH filed for bankruptcy three months ago. The Managing Director of Event Holding, Anders Braks, is also locked in a dispute with Wolfgang Trilsbach, the former partner and co-founder of Event. Event stated its view about the proceedings and accusations vis-à-vis hospitalityInside.com.