Topic Finance

News & Stories

Colliers' EMEA head Dirk Bakker about the ten years after Lehman
Nothing learned
3.10.2018

Amsterdam. The Lehman crash ten years ago also changed the hotel industry. Many funds were created, the rate of return increased enormously and then became more modest, and the asset-light model of the hotel operators bore fruit. Parallel to the – still – increasing demand among tourists, new, young and fresh brand concepts appeared. The next crisis should not cause any severe harm to the hotel industry, according to Dirk Bakker, CEO Netherlands & Head of Hotels EMEA at Colliers International, Amsterdam – even if the industry has not learned anything from the crisis. An assessment for the opening of Expo Real Munich, which will start next Monday.

The new standard to come into effect in 2019: Debt ratio to increase
IFRS 16 - Be prepared!
27.9.2018

Brussels. Less than a year after the enforcement of the GDPR, European businesses are facing new regulations. In January 1, 2019, the new lease standard or IFRS16 will come into effect and businesses will have to comply. As with the GDPR, the topic is legally sensitive and will have an impact on more European companies than one thinks. Experts say: The new standard will increase debt ratio by 22% in general. Be prepared!

Prices high, yields low: Bulwiengesa study checks asset classes
Investing in the fog
20.9.2018

Frankfurt. Rising real estate prices, horrendous rents and a shortage of properties are causing concern in the sector – and not only in Munich, the city which has seen the sharpest price increases. There are many presumed causes for these trends. Gradually though, there are increasing signs that ever new record profits are becoming less likely as investors are having increasing difficulty in finding profitable properties. A new study from the real estate research company Bulwiengesa put yields at between 2 and 7%. Hotels were in mid-field at 3.5%, but are also under pressure. Compared to other asset classes, the sector still makes a good figure though.

At HIS Amsterdam, an investment expert encourages sticking to Europe
"So, go invest"
20.9.2018

Amsterdam. "Trying to understand the cycle of investment is…complicated. Even economists often don't get it right." Head of investment properties EMEA at CBRE Hotels in London, Colin Low set the tone when he took center stage at the annual "Hotel Investment Seminar" organized in Amsterdam last week. Taking on the challenge anyway, the former investor took a look at the past ten years and considered the billions of dollars of capital that have gone into real estate. Focusing on Europe, Low shared one big number: 290 billion euros.

Katara Hospitality and AccorHotels heavily invest in Sub-Saharan Africa
26.7.2018

Paris. News from the financial world: This week, Katara Hospitality based in Qatar and AccorHotels announced the creation of an investment fund of over USD 1bn dedicated to hospitality in various Sub-Saharan African countries.

Investors in Italy still favor short-term projects - The south is lacking hotels
Missing the long-term vision
19.7.2018

Milan. The Council of Ministers has just approved a new law decree called “Decreto dignità”, aimed at reducing job insecurity. The new measure is intended to reform a few working measures, including provisions regarding compensations for illegitimate dismissals and fixed-term contracts. Investor interest towards Italy keeps growing, but the country still struggles to take advantage of all its potential. If we accept Cassa Depositi e Prestiti and its tourism investment fund, the market substantially lacks capital provided with a long-term approach, while the hospitality real estate segment is dominated by opportunistic investors with a five-year vision at most. "The real issue is that we need more certainty on the timeframe: the only way to let international investors develop reliable business plans for long-term projects," explained Giampiero Schiavo, CEO of the asset management company Castello SGR. He spoke during a recent hospitality forum organized in Milan in collaboration with the consulting firm Scenari Immobiliari.

Corporates push Serviced Apartment market
5.7.2018

London. The Serviced Apartment segment is reaching a new peak. And: The number of corporate travelers staying in serviced apartments is growing tremendously. A new study underlines the huge success of this branch of the hospitality industry.

Honestis/Dorint: More capital and new people for more power
5.7.2018

Cologne. Four weeks ago, Honestis AG – the parent company of Dorint Hotels – announced the implementation of the planned increase in capital to 126 million euros. Now, Honestis Chairman Dirk Iserlohe has revealed more details – also about the planned expansion as well as the "Hommage" Collection. Hotel Nassauer Hof in Wiesbaden, which is also part of it, will welcome a new General Manager from the luxury hotel industry, starting on August 1.

AccorInvest attracts first mega investors and gives up real estate control
The divorce
1.3.2018

Paris. AccorHotels signed the sale of 55% of AccorInvest with a pool of French and international investors, last Tuesday. The deal will bring 4.4 billion euros in cash proceeds that the group intends to use to buy back shares, return some to shareholders and continue its acquisition strategy. With this deal, Europe biggest hotel chain loses control of its real estate business – aiming to sell as much as 70% of AccorInvest’s shares. CEO Sébastien Bazin was ecstatic about the deal.

The hype in the West is waning, hotel markets in Eastern Europe are catching up
The yield pendulum swings eastwards
14.2.2018

Wiesbaden. The German hotel real estate market remains very popular for both domestic as well as foreign investors. Nonetheless, the transaction volume in 2017 lagged behind that from 2016, which was certainly in part due to the shortage of properties. However, another factor could be in play here, namely the fall in yield expectations. That yields are falling – and not only in Germany – is meanwhile fact. The pendulum has swung towards Eastern Europe, it seems. Poland, above all, has increasingly attracted investors' attention.

Stock Exchange

Share price performance of the week 25/02/2021 - 03/03/2021

HI+Share price performance of the week 25/02/2021 - 03/03/2021

                       Changes compared to the previous week in %.

Source: Reuters

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Financial Results

HI+IHG, Marriott, Orascom: Strong results in the first-half

Wiesbaden. The half-year and Q2 results of the hotel operators and developers reflect the effects of the continuing increase in tourism. IHG, Marriott and Orascom are satisfied with the current performance of their businesses and continue to focus on expansion.

HI+Design Hotels, Hyatt, Meliá, Motel One: Only good news in the 1st half year

Augsburg. Design Hotels, Hyatt, Meliá and Motel One are among those with good news for the first half and second quarter of 2018, respectively.

HI+AccorHotels, Arabella Hospitality, Radisson, Scandic: Good business

Wiesbaden. With AccorHotels, Arabella Hospitality, Radisson and Scandic, four European hotel groups look back on the results of First Half 2018 or on the Financial Year 2017 as a whole. All four are satisfied, but have quite different strategies.

HI+TUI Group H1 2018: All trends intact

Hamburg. Growth continues, all trends remain intact, and the very good trading performance for summer 2018 fully matches TUI Group's expectations. The company reported its H1 2018 performance. Hotels and cruises are the backbone of the success story.

HI+Design Hotels, Orascom: Satisfied with the growth

Wiesbaden. Design Hotels and Orascom Development reported their results of the financial year 2017. Both groups saw growing revenues in a still challenging economic environment.

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