Topic Finance

News & Stories

Kneissl belongs to Al Jaber entirely now
25.11.2010

Vienna/London. The shareholders meeting of Kneissl Holding on November 23rd went off very successfully for Kneissl's Managing Director Andreas Gebauer. Mohamed Ben Issa Al Jaber apparently wants to invest an additional 1.2 million euros in the business - apparently in order to protect his daughter.

Al Jaber is to save Kneissl
18.11.2010

Vienna/London. Several petitions for bankruptcy are threatening “Kneissl”, the traditional brand from Tyrol. The ski manufacturer has been resurrected under new ownership time and again after economic disorder, but the latest alarm call surprises owner Mohamed Bin Issa Al Jaber due to his 60-percent share of Kneissl. Among other things, Al Jaber owns JJW Hotels.

The current dynamism on the real estate and hotel market is deceiving
Greed for security to eliminate mid-caps
11.11.2010

Munich. Equity capital is still rare. Consequently, security and fixed lease agreements are at the top of the agenda among banks and investors. In the meantime, they grant credits solely to “model students”. From the banks’ perspective, these are mainly well-established hotel chains and operators. However, medium-sized hotel companies go away empty-handed for the most part. They are suffering increasingly from the massively tightened lending restrictions. At first sight, the economy is developing surprisingly dynamically in the German real estate and hotel market, but on the other hand, it is highly dependent on the global industrial and financial markets. And that is the catch.

Insolvency proceedings against Euro Ejendomme
21.10.2010

Frankfurt. The times when the initiators of Euro Ejendomme AG celebrated their debut in Germany with champagne are over; the Danish commercial real estate investor located in Frankfurt is now facing its end. The Frankfurt local court ordered preliminary insolvency proceedings on September 22, 2010.

Dusit Thani initiates own fund
14.10.2010

Bangkok. Dusit Thani’s shareholders have approved a major property management project to have three of its luxury hotels under the umbrella of a property fund, as well as to invest in up to one-third of the fund’s investment units and manage the three hotels.

Invesco launches new hotel fund
7.10.2010

London. Invesco Real Estate announced the launch of a second pan-European hotel fund with an exclusivity agreement to purchase a 168 million Euro seed portfolio.

Expo Real discussion about capital sources: It remains difficult
Financially strong operators sought
7.10.2010

Munich. Even two years after the dramatic start of the financial crisis, the financial resources are only coming in a slow trickle. And this will not change in the next few years, said experts at the hotel conference "Hospitality Industry Dialogue" during the Expo Real 2010 last Monday. The funds and finance representatives gave the high spirits at the trade fair stands a hard dampener – and pointed out the contradictions between the capital overflow in the market and the slow cash flow.

B&B completes sales and leaseback deal
7.10.2010

Paris. On Tuesday, the French listed real estate investment trust Foncière des Murs has signed a purchase agreement with the B&B group for a portfolio of hotels, representing 1,980 rooms, for a price of approximately 85 million Euro including fees.

Union Investment is open for this new operation variation
Funds & franchise - new partners?
28.9.2010

Hamburg. Union Investment is not adverse towards concluding franchise agreements. This type of operation is another opportunity for the open investment fund of investing in hotels. However, strong brands are in high demand as partners. But Union Investment is also interested in professional franchisees in the form of individual hotels at highly attractive locations. Dr. Frank Billand, Managing Director of Union Investment, on funds and franchising – an issue he and his team would like to discuss at this year’s Expo Real.

Lease agreements expiring on large scale
16.9.2010

Frankfurt/M. According to Hotour consultancy, a second wave of the structural change lies ahead of the German hotel industry. After the number of chain hotels has nearly tripled in the last ten years, lease agreements are now expiring for many hotels.

Stock Exchange

Share price performance of the week 24/03/17 - 30/03/17

HI+Share price performance of the week 24/03/17 - 30/03/17

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Source: Faktiva / powered by HVS EMEA Enews



 



Financial Results

HI+Orient-Express: Projects cancelled, rigorous cost saving program

Hamilton, Bermuda. Orient-Express Hotels reported a net loss of 26.6 million USD on revenue of 574.4 million USD for the year ended December 31, 2008, compared with net earnings of 33.6 million USD on revenue of 599.6 million USD in 2007. The company decided to cancel projects and minimize capital expenditure.

HI+Wyndham Worldwide: Results burdened

Parsippany. During the fourth quarter of 2008, Wyndham Worldwide Corporation had to face several special items. Full year 2008 revenues were approximately USD 4.3 billion, essentially flat compared to 2007, despite the slow-down of the vacation ownership business implemented in the fourth quarter.

HI+IHG year end report 2008: profit declines

London. InterContinental Hotels Group PLC announced
full year results to 31 December 2008. Revenue from continuing operations increased by 4.7% to $1,854m and continuing operating profit before exceptional items increased by 12.9% to $535m during the 12 months ended 31 December 2008.
Operating profit decreased by 24,5% to $ 403m. Profit before tax analyzed as continuing operations decreased 32 percent to $302m.

HI+2008 very successful for B&B

Wiesbaden. Mark Thompson, Managing Director of the B&B Hotels GmbH Deutschland, is satisfied with the past fiscal year of 2008. Despite the difficult months for the industry, he was able to surpass the aims for 2008. In the last year, the budget hotel chain generated a turnover of 16.1 million euros in Germany; this is a significant increase of 28 percent.

HI+Marriott year-end-report 2008: Decline all over

Bethesda. For the full year 2008, Marriott International adjusted income from continuing operations totaled 555 million USD, a decline of 26 percent. Total fees and timeshare declined. For 2009, the group's outlook also is not very optimistic.

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