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Crisis increases the "Dorint Challenge"

Current figures: foreign hotels put Dorint Hotels under high pressure

26.6.2009

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Recovery in small steps

27.6.2008

Cologne. "Consolidate, consolidate, consolidate!" This is the main goal of Managing Director Elke Schade for Neue Dorint GmbH based in Cologne. This year and next, losses have to be cut by half once more, after which the company expects "a black zero" by 2010. Dorint Hotels & Resorts, which separated from the Accor hotel group in Germany 18 months ago, are in the middle of rebuilding the brand, a separate marketing and a separate head office. The management team explained the current economic situation, the new developments and the gentle expansion plans this Wednesday in Cologne at the annual press conference.

"Applying economic ethics through the crisis..."

26.6.2009

Cologne. Dirk Iserlohe, Managing Director of E&P Holding in Cologne, shareholder of the Neue Dorint GmbH, expects Dorint Hotels & Resorts to make an operating loss of around 20 million EUR in 2009. His forecasts exclude potential positive business developments. Accordingly, the manager is currently trying to convince the owners of 15 Dorint funds to make lease reductions. In return for their help in such difficult times, he's offering them a special debtor warrant bond. "Without the crisis, Dorint would have been in the black this year," he stresses. And for this reason, he's not giving up. Dirk Iserlohe believes in Dorint: "Dorint hotels have performed better in Germany than their competitors." In an interview with hospitalityInside.com, he gives Editor in Chief, Maria Puetz-Willems, details of hotel finance and the planned recovery.