Topic Finance

News & Stories

Cautious sentiment at the MIPIM Cannes – Hotels in Germany a favourite
"High willingness to do deals"
24.3.2011

Berlin. At the start of the MIPIM, the sun was shining on the Côte d’Azur in Cannes, though as the event progressed, an icy wind took hold. The weather was fitting for the spring meeting of the international real estate industry: The prevailing mood within the sector was better than in previous years, though still subdued. There is still insufficient confidence on part of the banks. Yet Germany is considered target market no.1 for real estate investors. Even the demand for hotel real estate in Germany is increasing.

Heiligendamm investors must take further losses
16.3.2011

Berlin. Those investing in the Fundus Fund 34 – Grand Hotel Heiligendamm had to choose between the devil and the deep blue sea last week. They approved the hard capital reduction. Now, additional capital is required in order to implement measures to lengthen the season and pay back loans. If the funds aren't forthcoming, it could quickly again start to look tight for Heiligendamm.

Invesco: Second pan-European hotel fund
9.3.2011

Frankfurt. Invesco Real Estate, one of the largest real estate management companies dealing with direct real estate investments and shares from the US brings a wind of change to the hotel sector. The second special hotel fund has just been closed.

Closed funds on the rise again after the crisis – a chance for hotels
The return of the musclemen
24.2.2011

Frankfurt. Closed funds move large volumes of capital and it is impossible to imagine the world of financing without them – this applies to the hotel sector, too. However, the crisis hit them hard as well. Figures have almost halved since the fall of Lehmann. But an upward trend is expected. At the 2nd “VGF Summit” in Frankfurt two weeks ago, the sector celebrated itself a bit, but it was nonetheless well aware of what the reality looked like. There is still a lot to be done. This was the tenor – not absolutely outright, but between the lines.

Grand Hotel Heiligendamm: Sale or insolvency looms
Toads at the Baltic Coast
17.2.2011

Heiligendamm. The Grand Hotel Heiligendamm on Germany's Baltic Sea coast – a controversial fund property, a legendary conference hotel and host to the G8 summit in 2007 as well as a former Kempinski Hotel – seems to have more problems than the public have known about up to now. Recent figures are allegedly more satisfying, though the past seems to have left much deeper wounds than previously imagined. Now, only a brutal capital reduction can save the hotel. A financial restructuring plan foresees shareholders having nine-tenths of the value of their holdings shaved off. Also, fresh investment is to be ploughed into the hotel. Whether this will happen, remains an open question: The Annual General Meeting will vote on the future of Heiligendamm on March 11. The number of options available will be small though.

Al Jaber at the end with Kneissl
10.2.2011

Vienna. Kneissl is ill-fated. In its 92-year company history, the Kneissl business from Tyrol had to file for bankruptcy for the third time. Following the business' founder and local redevelopers, Mohamed Ben Issa Al Jaber overextended himself with the Tyrol ski manufacturer.

What currently drives the markets and investors in Europe
Transparency the top issue
10.2.2011

Munich. The global upswing is gaining in breadth. The time-delayed emerging recovery in many property markets is also fueling liquidity in the investment markets. As a result, commercial real estate as well as hotels are slowly recapturing their place as a popular form of investment for foreign and institutional investors. However, without transparency, this will go no further. The investors themselves are not only picking through the high-yield locations, but are also progressively giving more time for the scrutiny of the business transactions. A current appraisal of the real estate movement in Europe.

The Anglo-American and European markets 2010 - Perspectives
The best of two worlds
21.12.2010

Munich. The American hotel market has collapsed under the weight of the recent crisis, whilst the European market has emerged from the low point surprisingly well. Nevertheless, the Anglo-Americanisation trend with respect to finance, contracts and accounting continues to put its stamp on continental Europeans. Dr Joerg Frehse, Founder and Managing Partner of Frehse Hotel Corporate Finance GmbH & Co KG in Munich, has thought about developments on both sides of the Atlantic as well as our mutual dependences. His conclusion is the task for 2011 and subsequent years: Continental European market participants should move further together in future and concentrate on their strengths!

First Swiss hospitality fund
9.12.2010

Zurich. Thanks to a new hospitality fund institutional investors can now invest all over Switzerland.

Hotel market gradually regains strength - Changed investors' attitudes
Investments pick up
9.12.2010

Munich. Transaction volumes are rising, markets are recovering. But despite all the euphoria, there is still need for caution on many markets. The very fact that investors are aware of that is evidenced most strongly by their changed investment decisions. They still prefer smaller core property in very good locations. And that is not going to change soon. Existing property has currently surpassed new buidlings in terms of popularity. When it comes to the market development, Germany ranks among the top in Europe; top markets remain fundamentally strong whereas Eastern Europe, Dubai and Abu Dhabi still give cause for concern.

Stock Exchange

Share price performance of the week 09/06/17 - 15/06/17

HI+Share price performance of the week 09/06/17 - 15/06/17

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Source: Faktiva / powered by HVS EMEA Enews


 

 

Financial Results

HI+B&B Hotels increase revenue in 2008

Wiesbaden. Groupe B&B Hôtels looks back at a successful 2008. The French chain which includes the German subsidiary of B&B Hotels GmbH, managed to increase its revenues by 7.8 percent to 162 million euros compared to 2007.

HI+Bad figures, thrive for expansion continues

Wiesbaden. The first quarterly figures do not augur well. In particular, the upper segment chains are struggling with massive declines in sales, but lower segment hotels do not come out completely unscathed either. The industry reacts towards the ill tidings with drastic saving measures. Nonetheless, the thrive for expansion is hardly dampened. A summary.

HI+Welcome increases figures

Warstein. Welcome Hotels are looking back at their most successful business year. The turnover increased from 38.2 million euros to 48.4 million euros in 2008. The budgets of the pure hotel businesses were able to be exceeded by far.

HI+Dividend for VJC shareholders

Interlaken. At 93.6 million CHF, sales in 2008 recorded by the Victoria-Jungfrau Collection were slightly down on the previous year. The picture was similar in respect to gross operating income at 43.7 million CHF. Overnight stay figures were down 10.2% to 163,321. EBIT and consolidated earnings were also down. All the same, a dividend is to be paid.

HI+Moevenpick Hotels on track in 2008

Zurich. Moevenpick Hotels & Resorts completed the financial year 2008 with very good results, despite the economic challenges in the last quarter. For the sixth year in a row, both turnover and operating profit rose significantly.

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