News & Stories
In a unique move to date, IHG Hotels & Resorts is set to double its presence in Germany in what appears to be a well-thought-out, multi-layered deal with Novum Hospitality. Novum is set to secure its economic future with a long-term exclusivity agreement for 108 hotels. Mario Maxeiner, Managing Director Northern Europe at IHG, and Novum CEO David Etmenan share the details with us in an exclusive interview.
The transaction volume in the German hotel investment market remained weak in the first three months of the year. Revenue was primarily characterised by one major transaction.
The announcement about the almost doubled earnings before taxes (EBT, 2023 vs 2022) in Motel One's press release this week was as modestly worded as the announcement that the company intends to go public. We asked the founder and Chairman of the Supervisory Board, Dieter Müller.
European hotel transactions recorded a downward trend last year. Higher borrowing costs led to a softening of yields and a slow-down in transactional activity.
Chalet villages in the luxury segment are considered extremely promising. Especially in alpine locations. The Almdorf Seinerzeit in Patergassen, Carinthia, shows how things can go radically wrong with a recent annual turnover of around 2.2 million euros and over 17 million euros in debt.
European hotel values see modest rise in 2023 but fail to reach pre-pandemic levels. Hotel values across Europe remained steady in 2023 buoyed by the consolidation of the post-pandemic recovery.
It's over, after almost a year of negotiations and millions of losses. The 8-billion-dollar bid, marked by strategic manoeuvres from Choice, steadfast resistance from Wyndham and scrutiny from the US antitrust body has culminated this week in Choice Hotels' announcement that it will not pursue the bid.
Slowly, more investors are daring to turn their old properties into smart buildings: After all, even old building materials still have value. And because refurbishment can also pay off over the life cycle of the property. In a nutshell: Digital and sustainable aspects immediately come into focus in this project, especially circularity. But how can a future-proof transformation be achieved?
Choice CEO Pat Pacious is putting his announcement into practice: He is now moving his pawns into Wyndham's board in the hope of securing a take-over.
Just before the holiday break, Choice Hotels International issued a strong counter to the Wyndham Hotels & Resorts Board of Directors' recommendation to reject Choice's offer to acquire them. The hospitality industry is now witnessing a high-stakes drama between these two giants, each vying for supremacy in a competitive landscape. The U.S. Federal Trade Commission (FTC) is now involved.
