Topic Finance

News & Stories

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.

The fear of IFRS: What bankers and hotel groups think
The paper tiger
2.9.2010

Augsburg. Every conversation about the situation of ArabellaStarwood hotels over the past few days has shown complete disbelief. The speed of the decision from the Schoerghuber Company Group leaves everybody baffled. Given that the hotel group still has neither a time nor action plan for the coming months, speculation has already begun. hospitalityInside.com has asked bankers and hotel groups how they view the main argument put forward for the decision – the imminent increase in risk resulting from the proposed new IFRS 17 accounting rules. In contrast to the Schoerghuber Group, most approach the subject objectively and look for solutions where they fear disadvantages in the wake of any changes.

Capella Schloss Velden: Finding buyer takes longer
2.9.2010

Klagenfurt. After all negotiations around the sale of the Capella Schlosshotel Velden including apartments have failed up to now, Hypo Group Alpe Adria isoffering the property for a price as cheap as chips by launching an advertisement campaign. In the meantime, Star Chef Silvio Nickol is leaving the hotel.

Jagdfeld: Systematic silence
24.6.2010

Cologne. In spite of many difficulties, Anno August Jagdfeld is still holding the Fundus empire together. Nevertheless, annoyance at his business practices is growing among investors. Now, a recent decision from the Regional Court in Aachen could cause problems.

Berlin and Brussels to take measures affecting closed- and open-ended funds
In focus
1.6.2010

Munich. Times aren't good for real estate funds, neither of the open or closed-ended varieties. As if lost investor confidence weren't enough, pressure has now been added by the politicians. Berlin and Brussels have now announced measures which would affect both asset classes. The success-spoiled industry isn't quite so used to this sort of negative attention. And the financial crisis has certainly forced funds managers to change approach - sometimes quite radically. A background report.

OEHV bank check: Initial results
31.5.2010

Vienna. Hoteliers have been busy rating their banks since January of this year - similar to the principle used on internet hotel ratings platforms. Now, initial results are available. Vorarlberg's banks were rated best. Renowned banks such as Uni Credit Austria were rated below average.

B&B in due diligence
27.5.2010

Paris. The principal shareholder of B&B Hotels is currently reviewing its investment in the expansion-friendly budget group right now. The B&B Hotels Group is in a due diligence right now as it has been confirmed to hospitalityInside.com.

Stock Exchange

Share price performance of the week 27/01/17 - 02/02/17

HI+Share price performance of the week 27/01/17 - 02/02/17

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Financial Results

HI+Scandic increases revenue and profit in 2008

Stockholm. Scandic reports strong figures for 2008 though business weakened in the second half of the year. Revenue and operating profit increased, giving a profit margin of 14.7%. The Scandinavian hotel group captured market share in most markets.

HI+Year-end-report 2008: Rezidor increases cost cutting

Brussels. As market conditions worsen Rezidor increases cost reductions and maintains asset-light growth strategy. The negative impact of the economic slow down on the European hotel market escalated during the last quarter of 2008 with double digit drops in industry RevPar as a result. The group's year-end-report 2008 was published this week.

HI+Ringhotels: Members of the middle class brave the crisis

Munich. The Ringhotel cooperation reflects the industry of the German middle class. It has 130 hotels in the 4-star and upper 3-star segment. According to the annual report of 2008, the family-run hotels are asserting themselves well. The hotels not only achieved an increase in turnover but also in their booking volumes.

HI+Starwood: Significant losses

White Plains, NY. In the fourth quarter 2008, all figures declined. Starwood Hotels & Resorts Worldwide published its annual report yesterday. The worldwide system-wide RevPar for same-store hotels decreased 12.1% compared to the fourth quarter of 2007. During the twelve months ended December 31, 2008, total company adjusted EBITDA was 1.157 billion USD compared to 1.356 billion USD in 2007. For the full year 2009 Starwood assumes a decline of 12% of RevPar at same-store company operated hotels worldwide. Adjusted EBITDA would be approximately USD875 million and EPS before special items would be approximately 1.10 USD.

HI+Accor 2008: Revenue to fall off in the fourth quarter

Paris. Accor's consolidated revenue totaled 7,739 million Euro in 2008, up 2.8% like-for-like compared with the previous year and down 4.7% on a reported basis. The 2008 profit before tax target confirmed at 870-890 million Euro, up 12% like-for-like, excluding the impact of the return to shareholders. In particular, the performance of the Economy Hotels was resilient.

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