News & Stories

Berlin. Five weeks ago, the German Minister for Economic Affairs, Peter Altmaier, announced that another emergency rescue fund would be set up for the hospitality sector.

Berlin. As much as German hoteliers and the associations have so far been pleased about the German government's quick financing decisions after Corona, they are annoyed that politicians do not want to understand how hotels are financed. The anger about the KfW conditions is great. A wave of bankruptcies is approaching. The industry is currently losing around 750 million euros in turnover every week.

Wiesbaden. For ten years and until a few weeks ago hotel groups announced bulging pipelines and investors praised the high professionalism of their operators as well as their own hotel real estate competence team. Now, however, the question arises as to what the much-praised partnership between the parties is still worth in view of Corona.

Düsseldorf. Corona state aid has been approved in Germany, but the billions for the hotel industry may still come too late: There are difficulties because of the KfW liability and the horrendous administrative costs. Therefore, Select Hotel Advisory Services has compiled a current list of all subsidies in the 16 federal states, including contact links and comments on the current situation.

Munich. As a type of financing, real estate leasing is a long established practice. Now, it is gradually coming into the focus of the real estate industry, and so also the hotel industry, as an interesting alternative form of finance, in particular for hotel companies aiming to expand quickly. Though for hotel companies looking to secure tax advantages and positive balance sheet ratios, it is not suitable.

London. The Financial Times last weekend reported on the trillions of dollars that have been wiped out thus far due to the coronavirus disease 2019 outbreak. According to the newspaper, stocks in hospitality companies have been particularly hit, having fallen by a reported 19% in Europe compared to last week – one of the strongest declines for the sector since the terror attacks of 9/11.

Brussels. Spanish hotel group Meliá has to pay 6.67 million euros for including restrictive clauses in its agreements with tour operators to the European Commission.

London. Hotel values across Europe gained a further 3% last year according to the annual "European Hotel Valuation Index", marking the third year of increase for Europe's hotel sector.

Wiesbaden. The demographic change and the still unabated general desire to travel have considerably reduced the investors' shyness when it comes to operator-run properties such as hotels, nursing homes and serviced apartments in Germany in the last few years. Micro apartments are also booming, which are partly allocated to the housing market. But which of these real estate types are favoured the most by investors at the moment and why? hospitalityInside.com did some research.

Rimini. There are plenty of opportunities around the corner now: Hotel real estate transactions in Italy reached the expected 2-billion-euro threshold in the first half of 2019, representing 42% of the overall transaction value in the real estate market. The appetite for hotel assets is still strong but investors continue to shy away from Italy. It's not the country's bad legal reputation but the specific old-fashioned legal framework behind the lease and management contracts. Experts talk about their concerns, legal experts explain the backgrounds.