Topic Finance

News & Stories

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.

Alternative financing: Crowdfunding now also for the hotel industry / Part 1
When the Internet Community pays
18.10.2012

Munich. Budget hotels are in the trend and so is travelling. Were it not for the problems there with financing. Now in times of the crisis, the scanty cash and loans as well as the rising meaning of social networks is also the trend of the subject "Crowdfunding" or "dream financing" through the masses of the Internet Community. Even popstar David Bowie had already financed the legal security of his songs in 1997: His fans "donated" millions to him. Now, the trend has also come into the hotel industry. It can be illustrated by the cool concepts in Amsterdam: A pilot project has currently sprung up there with the name "City-Hub". Hidden behind it is a modular system of the private sleeping units much like the Japanese sleeping boxes from which unused office buildings could be converted into budget hotels in the future. It is financed via Crowdfunding. In the USA, this alternative financing form is already established within many industries, in Europe it is still in its baby shoes.

Heiligendamm: Still nothing decided
18.10.2012

Bad Doberan. Despite creditor meeting on Wednesday, still no decision on the future of the Grand Hotel Heiligendamm has been made public. Everything seems to be a matter of the sales price. In parallel, Anno August Jagdfeld now has a new problem.

OEHV and Hogast provide credit alternatives
18.10.2012

Vienna. The private resort hotel industry of Austria is also concerned by the credit crunch. Now the industry association OEHV, along with partners, is offering a credit alternative for hotels. At the same time, the largest purchasing cooperative in Austria is assisting in financing.

Stock Exchange

Share price performance of the week 14/09/18 - 20/09/18

HI+Share price performance of the week 14/09/18 - 20/09/18

                      Changes compared to the previous week in %.



Source: Faktiva / powered by HVS EMEA Enews

Financial Results

HI+Warimpex, Ringhotels: On the upswing

Vienna/Munich. The Austrian investment company Warimpex and the Ringhotels consortium both report positive figures about the first-half of 2011 from their markets; clients still stay cautious.

HI+More chains report solid figures for first-half

Wiesbaden. Apart from countries which suffer from a negative influence on the results by political turbulences or natural catastrophes, more hotel groups reported a successful first half 2011 in the last two weeks. The summary of the results from InterContinental Hotels Group, Meliá Hotels, Choice Hotels Germany and Choice Hotels Central Europe, Welcome Hotels, Hospitality Alliance AG, Victoria-Jungfrau Collection AG, and Hapimag.

HI+Second quarter results: Design Hotels, Orient-Express, Wyndham with subdued optimism

Berlin/Hamilton/New York. Second quarter results of international hotel groups as Design Hotels, Orient-Express Hotels and Wyndham show significant revenue increases, but not necessarily more profit.

HI+Rezidor's first-half hit

Brussels. "We see a continued recovery in the European hotel market although the overall macroeconomic conditions remain uncertain," said Kurt Ritter, CEO of Rezidor Hotels & Resorts. But the political turbulence in North Africa and the Middle East had a bigger impact than in the previous quarter, the group reported in the context of its first-half year results 2011.

HI+Accor's first-half 2011: Very strong revenue performance

Paris. First-half 2011 revenue totaled €2,973 million, up 4.4% over first-half 2010 on a reported basis and 5.8% at comparable scope of consolidation and exchange rates. The second quarter pushed the revenue increase for the whole six months.

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