News & Stories

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.

Munich/Hamburg. Ruby Hotels gains a new, renowned shareholder: the family office of Alexander Otto, who is also CEO of the Europe-wide project developer ECE. Together, they intend to make the move into the US-American market.

Lisbon. The crisis discussions that have flared up in the industry again do not trouble Josef Brandhuber at all. He is a sustainable investor and does not let himself be manipulated by panic-mongering, says the Managing Partner of SoReal Invest GmbH from Munich. This also goes for the hotel business. With its new hotel funds concept, presented in May this year, the company wants to move into B and C locations preferably. So far, this has not often been the case.

Munich. More and more banks are expecting the economic development to deteriorate and are responding with more restrictive lending. In addition, they fear stronger competition from tech and digital companies such as Google, Amazon & Co.