Balance Sheets since 2023
Frankfurt/M. Sun International achieved strong growth in revenues, which were 17% ahead of last year at R6,9 billion. EBITDA was 27% up on last year. The leading luxury hotel operator in South Africa continues its success.
Bad Ragaz. Grand Hotels Bad Ragaz AG experienced an upswing in the first half of 2007. With a plus of 7.8%, the consolidated turnover could be increased to 48.8 million CHF. While the resort and casino divisions experienced an increase, the public Tamina Therme thermal bath recorded a slight decrease in turnover.
Interlaken. Since January this year, the Victoria-Jungfrau Collection has grown to four hotels. The group has shown improved occupancy for the first half of 2007 and gross operating income has increased beyond all expectations by 6.8 million CHF. At 6.5 million CHF, EBITDA was 1.9 million CHF greater than it was the year before.
Windsor. InterContinental Hotels Group had had a good first half. Continuing revenue rose 12 % from 377 million pounds to 422 million pounds which was a growth of 20 % at constant currency.
Brussels/London. The Rezidor Hotel Group finished the first six months 2007 with results better than the overall market. Also the British Orient-Express Hotels report double-digit increases.
White Plains. Starwood Hotels & Resorts Worldwide reported strong second quarter 2007 financial results and the results for the six months ended June 30, 2007. In the second quarter 2007, all key figures increased.
Palma de Mallorca. Coinciding with the presentation of positive financial results for the first half of the year, the hotel chain Sol Meliá issued a report to the Spanish National Stock Exchange Commission regarding certain issues of great interest which will have a fundamental effect on the future strategy of the company led by Gabriel Escarrer Juliá.
Bad Arolsen. In spite of a rainy start to summer and the steep figures recorded the previous year as a result of the Football World Cup, Hospitality Alliance plc has closed the first half year 2007 with a turnover plus of 6.7%
Beverly Hills. For the six-month period ended June 30, 2007, Hilton Hotels Corporation reported a net income of 260 million USD, compared to 248 million USD in the 2006 period.
Berlin. At its first general meeting on July 23, 2007, NewGen Hotels AG presented a positive summary of the developments after the radical changes since July 2006 and the splitting-off of a part of the hotel portfolio as well as the change of the corporate name. Chairman Michael Theim once more justified the necessity of selling off a hotel portfolio to Dr. Ebertz & Partner Unternehmensgruppe in order to stave off insolvency proceedings. The assets would have fallen through and rendered shareholder stakes worthless.