Financial Results

Zurich. Dolder Hotel AG, to whom Dolder Grand and Dolder Waldhaus belong, generated a turnover of 44 million Swiss francs last year, but also had to face a net loss of 22.9 million francs.

Palma de Mallorca/Madrid. Spanish hotel companies Sol Meliá and NH Hoteles announced first quarter losses in 2009 compared to same period in 2008. Both started strict cost management measures and try to optimize their financial situation. While Sol Meliá signed a syndicated loan and a mortgage loan, NH plans a capital increase. Both stay optimistic. While Sol Meliá still earns little money, NH loses a lot of money.

Hamilton, Bermuda. Orient Express Hotels, owners or part-owners and managers of 51 luxury hotels, restaurants, tourist trains and river cruise properties operating in 25 countries announced a net loss of 14,6 million USD during the first quarter ended March 31,2009. The disposal of non-core assets shall help.

Wiesbaden. Groupe B&B Hôtels looks back at a successful 2008. The French chain which includes the German subsidiary of B&B Hotels GmbH, managed to increase its revenues by 7.8 percent to 162 million euros compared to 2007.

Wiesbaden. The first quarterly figures do not augur well. In particular, the upper segment chains are struggling with massive declines in sales, but lower segment hotels do not come out completely unscathed either. The industry reacts towards the ill tidings with drastic saving measures. Nonetheless, the thrive for expansion is hardly dampened. A summary.

Warstein. Welcome Hotels are looking back at their most successful business year. The turnover increased from 38.2 million euros to 48.4 million euros in 2008. The budgets of the pure hotel businesses were able to be exceeded by far.

Interlaken. At 93.6 million CHF, sales in 2008 recorded by the Victoria-Jungfrau Collection were slightly down on the previous year. The picture was similar in respect to gross operating income at 43.7 million CHF. Overnight stay figures were down 10.2% to 163,321. EBIT and consolidated earnings were also down. All the same, a dividend is to be paid.

Zurich. Moevenpick Hotels & Resorts completed the financial year 2008 with very good results, despite the economic challenges in the last quarter. For the sixth year in a row, both turnover and operating profit rose significantly.

Madrid The turnover of NH Hoteles increased by 1.8 percent, reaching 1,532.4 million Euros in 2008. The diversification implemented by the Company in the last few years, operating cost reduction and the contribution of the asset management strategy last year enabled the consolidated EBITDA to remain stable in a climate of economic deceleration.

Munich. Motel One closed 2008 as a successful business year. The low budget design chain headquartered in Munich recorded sales of 43 million EUR in 21 hotels and EBITDA of 15 million EUR.