Topic Finance

News & Stories

More support programmes under the German Christmas tree
17.12.2020

Berlin. The full disbursements of November aid - promised firmly by the German government - for suffering hoteliers and restaurant owners continue to be delayed; they are therefore extended to December. In addition, the Bridging Aid III has been revised. And the insolvency application requirement remains suspended in January to prevent a first wave.

Novum and the Economic Stabilisation Fund
17.12.2020

Wiesbaden. As the first large German hotel group, Novum Hospitality GmbH from Hamburg has secured a loan from the German Economic Stabilisation Fund and is thus one of seven companies of different industries so far to have been granted this support at all. The voices from the industry on this range from recognition to scepticism.

Growth capital for innovative operators
3.12.2020

Berlin. A new investment company plans to build a portfolio of managed properties along the entire real estate usage chain: from serviced apartments, co-living, education, office-as-a-service, healthcare and elderly living to urban farming.

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.

Stock Exchange

Share price performance of the week 24/03/2022 - 30/03/2022

HI+Share price performance of the week 24/03/2022 - 30/03/2022

                       Changes compared to the previous week in %.

Source: Reuters

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Financial Results

Tremendous progress

Wyndham Q2: The second quarter of 2023 again delivered solid results including global RevPAR growth of 7%, net room growth of 4% and the 12th consecutive quarter of sequential growth in the development pipeline.

Another Record

Motel One H1: With an occupancy rate of 69% (51), H1 2023 revenues grew to 394m (240), EBITDAR increased by 75% to 208m (119), with a margin of 53% (49). EBITDA: 124m (46). EBT: 93m (27).

Higher earnings

Pandox: Higher demand in Germany positively affected Property Management and, combined with a more active hotel market in Brussels, contributed to both higher earnings and profitability in H1 2023.

Growth in sight

Scandic H1: During the first half of 2023, the group gradually ramped up activity in the company with a commercial and data-driven focus and the new economy brand Scandic Go.

More international demand

MHP Q2: Munich Hotels Partner's RevPAR in Q2 2023 was €157, exceeding that of Q2 2019 by €22. MHP expects a 2023 with continued stable national and an increasing international demand.

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