Topic Finance

News & Stories

Proptechs and contechs interested in hotel industry
Young wild ones on customer journey
12.10.2020

Munich. Digital tools help to make things faster and more efficient. For the construction, proptechs and contechs, as the startups in the real estate and construction industry are called, help to speed-up processes. They approach many things differently; behind the scenes, they are equipped with a lot of IT knowledge, invest a lot of work effort and entrepreneurship. And it is worth taking a closer look, also in the hotel industry's interest. A growing number of startups are discovering this industry, partly driven by Covid-19 as well as the technological progress in China.

Open-ended property funds eye hotels, but do not wish to do without entirely
Bitter-sweet symphony
12.10.2020

Munich. It's a bizarre situation: While storm clouds increasingly gather over the hotel operators, open-ended mutual property funds are still able to hold their own, even in the corona crisis. Yet it will be near impossible to escape yield losses and devaluations entirely. After all, lease deferrals and defaults are likely to increase. This does not seem to be worrying investors yet though.

Art-Invest Real Estate places 200 million hotel funds
8.10.2020

Cologne. In the middle of the crisis, Cologne-based Art-Invest Real Estate has placed a €200 million equity hotel fund with institutional investors. Including a new strategy.

Bye-bye Hospitality!
1.10.2020

Los Angeles/Zürich. The industry is beginning to shake, especially on the owners side. Both large hotel portfolios and individual hotels are being hit. Last week Accor shareholder Colony Capital withdrew completely from the hospitality business, the American Service Properties Trust is now confronting Marriott with payments just like IHG, and in Switzerland Credit Suisse is getting rid of its next hotel, the Swissôtel in Zurich-Oerlikon.

Extended bridging aid again misses the middle class
24.9.2020

Berlin. The German government has extended and expanded its corona bridging aid for small and medium-sized enterprises. Access has also been simplified. However, large parts of the hospitality industry will not be reached by it at all.

Hotel entrepreneur Michael Zehden wants "Corona levy" with Payback
Only 3 percent more
17.9.2020

Berlin. With a "support loan" of 700 million euros per year, the Berlin entrepreneur Michael Zehden, founder of the hotel operator Albeck & Zehden, wants to help the almost 800 accommodation facilities in the German capital. The loan is to be repaid after ten years at the latest - via a so-called "Corona levy" of three percent, to be paid by the guest. Zehden's proposal has now reached Berlin's politicians and public, we are presenting the idea and also putting it up for discussion.

Baden-Württemberg extends stabilisation aid
17.9.2020

Stuttgart. While Dehoga Federal Association is still struggling to expand the current bridging allowance for the hospitality industry, the state of Baden-Württemberg has extended the application deadline and funding period for its own aid programme. Dehoga Hessen and Bavaria continue to rely on the initiatives of the federal government.

Few chances for compensation of the pandemic damage
17.9.2020

Hamburg. The opportunities for German hotel operators to be able to straighten out their financial losses from official sources are limited. An update on this was provided by the law firm Hogan Lovells.

Rents, banks, loans, conversions - How the market has reacted so far
An industry making constant appeals
17.9.2020

Hamburg. Already, brokers and lawyers offices are being stormed by capital providers from outside Germany on a daily basis. The focus of their interest: distressed assets from Germany. Whimsical banks are dropping the asset class hotel without second thought, and stubborn owners insist on their rights. "Over the next 12 months, we will be faced with many things," Marc Werner said, Managing Partner of Hogan Lovells Frankfurt, at the 12th Hogan Lovells Hotel Day.

Corona crisis significantly changes investment strategies
10.9.2020

Hamburg. The corona crisis has led to a significant change in the investment strategy of institutional property investors. "Less risk, lower return" is the motto of the day. Climate-friendly investments are picking up speed.

Stock Exchange

Share price performance of the week 20/01/2022 - 26/01/2022

HI+Share price performance of the week 20/01/2022 - 26/01/2022

                       Changes compared to the previous week in %.



Source: Reuters

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Financial Results

HI+Pandox and Hilton: Increases make optimistic

Stockholm/Mclean. Hilton Worldwide and Pandox, the Swedish company that owns and leases hotel properties, have announced their 2022 financial results. They show a strong recovery in business - RevPAR and ADR are expected to rise further respectively - and a cautiously optimistic mood for the hotel market in 2023.

HI+TUI Group: Revenue in Q4 more than doubled

Hannover. A strong summer with a total of 13.7 million guests ensures positive earnings contributions in all segments. The strong development was driven in particular by Hotels & Resorts, which recorded its fifth positive quarterly result in a row. With more flexible products and new customers, TUI aims to further increase turnover in the 2023 financial year – and fully repay its debt.

HI+Q3 figures from Choice, NH, Valamar: growth and concern

Wiesbaden. Despite good results and recovery during Q3 2022 at Choice Hotels International, NH Hotel Group and Valamar Riviera, factors such as increased energy costs or inflation leave a bitter taste.

HI+Numa on course for Europe

Berlin. The young short-term rental company Numa looks confidently at its half-year figures and wants to push ahead with the European roll-out. After the crisis, even more so, is the motto.

HI+Balance sheets and fresh capital

Wiesbaden. There is movement in the hotel finances. Falkensteiner has successfully completed its eighth crowdfunding. Hyatt, IHG, Orascom and TUI report satisfactory quarterly or half-year results. Munich Hotel Partners uses fresh capital for expansion and Scandic has issued convertible bonds.

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