Topic Finance

News & Stories

Moody's stirs things up again - Fundus restructures
Adlon: What is it really worth?
24.1.2013

Berlin. Negative headlines abound again with regard to the Hotel Adlon Kempinski and the man who had the Berlin luxury hotel built with investor funds: Anno August Jagdfeld. As was announced two days ago, Jagdfeld's son Benedikt is to spearhead the newly structured group. No easy job, as many criticisms of Fundus and Jagdfeld are justified. In the case of the Hotel Adlon Kempinski though, a more subtle assessment is required, in particular after the ratings agency Moody's warned this week of the possibility of default by Adlon. The complex inter-relationship is explained by Beatrix Boutonnet.

Fundus & Adlon: The mud slinging continues
17.1.2013

Berlin. Last week, millions of TV viewers and certainly also many Adlon investors enjoyed the final part of the three-part "Adlon Saga". Yet no sooner had it finished, and the next storm begins to brew over Fundus Fund No. 31. Perhaps unrightly this time though.


InterConti Hamburg closes
17.1.2013

Hamburg. After 41 years, the InterContinental name will have to bow out of the Hamburg market: The insolvency administrator has ordered the closing of the hotel on the 31st of January because no new buyer has yet been found for the property.

Heiligendamm: Still no end in sight
6.12.2012

Bad Doberan. An end to the saga in Heiligendamm is becoming ever more improbable for this year. Even the hot potential candidate, Median, is reported to have meanwhile surprisingly changed its offer.

AIFM draft: German funds industry remains operative
Accepted changes
15.11.2012

Berlin. The German legislator has taken on board arguments from the funds industry. As was reported in summary last week, the German Ministry of Finance conceded many points on the first draft of implementing legislation of the EU's Alternative Investment Fund Managers Directive - and the financial sector breathes a sigh of relief in many points. Open-ended real estate funds and specialist funds are to stay and closed-ended funds will be less strictly regulated than initially proposed. Some adjustments are still to be made, overall though, the funds industry appears satisfied; it remains operative.

AIFM: Sigh of relief among real estate experts
8.11.2012

Berlin. The amended draft for the implementation of the controversial Alternative Investment Fund Managers directive comes with a sigh of relief from Germany's financial sector. Open-ended real estate funds and specialist funds are to stay and closed-ended funds will be less strictly regulated than initially proposed.

Even in Austria, hotel finance is changing its focus
Loans only for new beds
7.11.2012

Vienna. Equity hurdles for bank loans still have little impact on Austria's resorts. Largely because the assumption of liability by the Hotel and Tourism Bank provides critical support: Two thirds of the EUR 500 million allocated for the assumption of this liability are still available. The role of ÖHT is becoming increasingly important as it is feeling just how much commercial banks are holding back with hotel finance. If loans are made available, then today these are only for new rooms and no longer for luxury spa projects.

Heiligendamm: Race for investors
25.10.2012

Bad Doberan. "No decision has been made to sell," said the insolvency administrator of the Grand Hotel Heiligendamm to hospitalityInside.com. A final decision needs more time.

Alternative finance: Crowd-funding also for hotels / Part 2
Quick, simple and online
25.10.2012

Munich. Crowd-funding has been made possible with the rise of the internet. The principle is as simple as it is creative - as we explained in the first part of this series last week: Anyone who fails to secure credit through traditional means can fall back on finance from the internet community. Crowd-funding platforms bring together people with ideas with investors interested in supporting these ideas. If an investor likes a certain project presented on the crowd-funding platform, he or she need provide only a small amount - mostly between one and ten euros. This is the basic idea. For start-ups, the contributions are somewhat higher. The platforms in detail.

Expo Real: 7 Experts about hotel development and financing
Demands in the minus, problems in the plus
18.10.2012

Munich. Hotel financing is an urgent subject for the industry. Who is still financing where, which way are the big players going, and under which criteria are they expanding at all? And how do established banks face up to the current funding shortfall? Last week at the Expo Real, the 11th dialogue of the hospitality industry shed light on many of these aspects in the detailed opening talk with seven experts from the hotel industry, classical and alternative financial world. The opinions, at least, those of investors and operators – Starwood Capital and Hyatt – were quite similar. The banks, Aareal and Deutsche Hypothekenbank, defined their criteria, and Siemens Financial Services presented a niche-financing model as a silver lining on the green horizon. One assessment specialist has only seen little change since 2008. The highlights in the summary.

Stock Exchange

Share price performance of the week 21/09/18 - 27/09/18

HI+Share price performance of the week 21/09/18 - 27/09/18

                      Changes compared to the previous week in %.



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Financial Results

HI+Sol Meliá and Hospitality Alliance: Q1 exceeds expectations

Palma/Bad Arolsen. In the first quarter 2011, Sol Meliá increased revenues by 13.6% and improved EBITDA by 28.9% thanks to the positive business performance, exceeding market expectations. For similar reasons, the German Hospitality Alliance is very pleased about the Q1 development.

HI+IHG, NH, Hyatt: Ups and downs during Q1

London/Madrid/Chicago. InterContinental Hotels Group, NH Hoteles and Hyatt Corporation announced their first quarter results. While IHG and NH reported improvement, Hyatt had to struggle with the negative impacts in Japan, Middle East and North Africa.

HI+Falkensteiner continues strategy

Vienna. With new management contracts, investments in Central and Southeast Europe and the sales of proprietary real estate, the Falkensteiner Michaeler Tourism Group AG continues to grow. The 2010 business year tallies positively for the group.

HI+Orient-Express reduces loss

Hamilton, Bermuda. Orient-Express Hotels announced its results for the first quarter ended March 31, 2011. Same store RevPar overall was up 8% in US dollars. In addition, revenues in all geographic regions grew.

HI+Accor, Rezidor, Starwood: Optimism in Q1

Brussels/Paris/New York. European markets are back, but now, international hotel chains suffer from negative impacts in parts of the Middle East, North Africa and Japan. Overall, first quarter figures of Accor, The Rezidor Hotel Group and Starwood show optimism.

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