ANNUAL REPORTS / Rezidor first half year results 2009: Key figures still decreasing
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Rezidor first half 2009: Key figures still decreasing

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Hopag sells Juwel majority

13.2.2009

Berlin. Hopag Hotel Property AG, based in Berlin, has sold its 55 percent stake in Juwel Touristik GmbH, Munich, as of 2nd January 2009. Hopag's parent company, Immobilien-Experted AG, names an intention to concentrate on core business, project development of resident and commercial real estate, as the reason for the move.

Kurt Ritter fighting the beast

1.5.2009

 

Augsburg. Kurt Ritter rides the stock market bear! He is fighting the beast. The illustration from the company's own magazine "Rezidor Business Review" shows the PR-savvy Rezidor CEO from his funny and ironic side. In the background, however, the bear shows its teeth. "We have losses from most locations," Kurt Ritter said in Berlin in March. "In Germany and Great Britain, the whole market has collapsed." Now, the results for the first quarter are out and one ratings agency has for the first time rated Rezidor as "underperform". Reason for an interview with Chief Financial Officer of the Rezidor Hotel Group, Knut Kleiven.

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