Financial Results

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.

Palma de Mallorca. Sol Meliá announced results for the 2008 financial year. In comparison to 2007 revenues in 2008 decreased 5,3 percent to 1,279 million Euros, net profit sank 68,4 percent to 51,2 million Euros. EBITDA decreased by 26.5 percent to 256.7 million Euros, while RevPar fell by 3.2 percent. Sol Meliá forecasts a difficult first half of 2009, particularly in business travel, accompanied by a slowdown in the resort business, somewhat offset by hotels in the Caribbean.

Munich. Despite significant plunges in the 4th quarter of 2008, Arabella Hospitality Group, Munich, was able to maintain a stable turnover in its 31 "own" hotels. Nevertheless, the occupancy decreased by two percent, but the average room rate and RevPar developed positively. For the year 2009, Arabella is risking no forecasts.