Topic Finance

News & Stories

Big and small hoteliers face banks' back and hope for specialists to help
All in financial distress
29.10.2020

Amsterdam. While a second wave of corona cases has triggered tougher restrictions across Europe on travel and social gatherings, hoteliers are not sure they can make it to the end of the year. The biggest chains' share value is melting fast, giants like Accor and AccorInvest are seeking solutions. Suddenly banks and investors are turning their backs on the industry. All over Europe, the first insolvencies are there, and hotel closures are imminent. But consultants see support in the background.

Corona hits private equity funds hard
29.10.2020

Leipzig. Covid-19 is now also affecting the Private Equity funds. It is particularly difficult for companies with high levels of debt financing.

Invesco Real Estate intends to expand the European debt market
22.10.2020

Munich. Invesco Real Estate, the real estate division of the global asset manager Invesco, has acquired the commercial real estate finance business unit, the real estate debt team and its European assets from Swiss asset manager GAM Investments.

Insolvency lawyers on the anticipated wave of insolvencies among hotels
How crazy is it really?
14.10.2020

Wiesbaden. The industry associations for the tourism and the hotel sectors continue to warn of an unprecedented wave of insolvencies in the wake of the corona crisis. The first branded hotels, including the Sofitel in Berlin, have already filed for insolvency. Others, such as the Hessischer Hof in Frankfurt, have announced their closure or, like the Maritim Potsdam, are looking to change operator. It is rumoured that the bargain hunters have been queuing up for a long while already. But how crazy is it really? And what do insolvency law experts and lawyers expect?

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.

Stock Exchange

Share price performance of the week 10/02/2022 - 16/02/2022

HI+Share price performance of the week 10/02/2022 - 16/02/2022

                       Changes compared to the previous week in %.



Source: Reuters

powered by HVS EMEA Enews

Financial Results

HI+Results 2022: Scandic not quite as strong as in 2019

Wiesbaden. The Scandinavian hotel group Scandic was able to significantly increase its net revenue and RevPAR last year. CEO Jens Mathiesen attributes the fact that the occupancy of 2019 has not yet been reached again mainly to the absence of Asian guests.

HI+Aroundtown, Orascom, GBI, BWH Central Europe: Increased hotel sales

Wiesbaden. Real estate developers continue to face very challenging market conditions, but the operational business in the hotel real estate sector is again much more pleasing than in the past years. Turnover is clearly catching up.

HI+NH, Minor, Wyndham cheering for 2022 results

Madrid, Bangkok, Parsippany. With NH, Minor and Wyndham, further hotel groups report noticeably improved revenues and RevPARs. Everyone is cheering. Nevertheless, costs are rising everywhere.

HI+Balance 2022: Accor and IHG with more and less momentum

Paris/Denham. Accor and IHG report significant RevPAR increases for 2022, many markets developed extremely positively. The results are first and foremost clouded by the sluggish China business and the still unsettled economic environment.

HI+Choice, Hyatt, Marriott, Scandic: Record results in 2022 let pass the pandemic

Rockville/Chicago/Bethesda/Stockholm. Choice Hotels' adjusted EBITDA surpassed 2019 levels by 28%. Just two years after experiencing the sharpest downturn in Marriott's history, the company also reported record financial results. Also Hyatt continue to experience positive momentum, as well as Scandic reporting its best full year result ever.

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