Topic Finance

News & Stories

Financing mistakes made by hotels - Bankers and consultants report
Rejected !?!
27.9.2012

Wiesbaden. The scars of the financial crisis are deep and the hotel industry has been especially affected by the current funding shortfall. Without perfect preparation, nothing works anymore; however, many credit applicants have still make the same old mistakes. What is the industry doing wrong? Subsequently, consultants describe their observations and bankers their expectations. One side advises the hotel managers to examine their banks as carefully as the banks examine their borrowers. And hotel managers should not get their hopes up too high, despite complete documentation. On the other hand, the banks attest to a much higher degree of professionalism in the industry in the meantime.

11 consulting companies: Financing terms increasingly drastic / Part 1
Rotten conditions
26.9.2012

Augsburg. The banks are no longer pursuing financing projects. They are continually adverse to risk and with this, are strangling an increasing amount of hotel projects. The equity ratio rises and rises, the lease leaves no opportunity to management and franchise. The projects that still seek financing are squeezed into a simple model of conditions. While central European financing suffers from Basel III, the euro discussion brings international investors to hesitation. hospitalityInside.com has questioned eleven well-known consulting and broker companies on how they see the current financing situation in the central European hotel industry. Seldom are the appraisals of experts so closely together – and laying negatively in this trend.

Banks, associations, consumer protectors criticise the new funds draft
An unjustified development
20.9.2012

Munich. The national implementation of the European Directive on Alternative Investment Fund Managers could have a fundamentally negative effect on the German real estate and financial industry. The industry associations are fighting against this draft as not all funds are as bad as consumer protectors and politicians think they are. Many of them, among them hotel funds, paid off well for the investors. Even banks do not understand why open-ended funds should be prohibited. An interim result with respect to the AIFM Directive, and the associations' and consumer protectors' major points of criticism.

Public Prosecutor's Office Cologne filed proceedings for embezzlement
Adlon Berlin: Charges against Jagdfeld
6.9.2012

Cologne. The Public Prosecutor's Office in Cologne has filed proceedings against Anno August Jagdfeld from Fundus before the Regional Court in Aachen for embezzlement. If convicted, he could face a maximum sentence of 5 years.

Budget hype, bargain hunt and increasing restrictions on credit
Is everything still about budget?
30.8.2012

Munich. The question as to the direction of the transaction and investment market for hotels is of crucial importance for the hotel sector. On the one hand, investment volume recorded in 2012 is still not really good. On the other, many hoteliers are looking for successors, particularly in Germany. Many of these are positioned in the midscale segment. According to those that know the market, current framework conditions and economic rationale will largely favour the budget hotels. The next crisis is then likely to hit the midscale segment hardest. An analysis of the German situation.

German Ministry of Finance and EU introduce new regulations for funds
Spectacular development
26.7.2012

Brussels. What a development! Last Friday, the German Federal Ministry of Finance presented the long-awaited draft for the implementation of the European Directive on Alternative Investment Fund Managers. The draft caused much concern among both open and closed-ended funds last week, which in the past have often provided hotel finance. The fund industry has reached a turning point. The draft, if it were to be approved, would prohibit the inception of new open-ended real estate funds. To date, though, not all points covered by the draft are clear. Many points appear ill-tailored. The draft will therefore need considerable reshaping. And much is likely to be lost along the way. After all, it not only seeks to regulate the managers, but also the products themselves.

Insolvency at the Nuerburgring: Mixed hotel feelings
19.7.2012

Adenau/Eifel. Following the insolvency application of the Nuerburgring GmbH on Wednesday, the future of the race track and its new leisure park hangs in the balance. With this, the resident hotel operators Lindner and Dorint wait with mixed feelings.

Heiligendamm: Further bad news threatens
28.6.2012

Heiligendamm. The unending story of the Grand Hotel Heiligendamm continues: Now, the hotel is to give up 80 beds. There are also administrative threats. And some investors have even pressed criminal charges.

Yotel surprises with a multi-million-dollar expansion and a world premiere
The first luggage robot
7.6.2012

New York. The unconventional cabin hotel brand Yotel hit the headlines this week in the US: On the one hand, Yotel announced to issue a 250-million-dollar fund with three partners; in the next five years, the group plans to expand in North America. On the other hand, Yotel's first robotic luggage concierge led to chuckles all round. He works in New York.

Open funds: Domino effect for CS Euroreal
24.5.2012

Frankfurt/M. Another fund heavyweight falls as CS Euroreal is liquidated. The decision has been taken and a clear signal has been sent to the entire industry.

Stock Exchange

Share price performance of the week 11/05/18 - 17/05/18

HI+Share price performance of the week 11/05/18 - 17/05/18

                                                   Changes in %.

 

Source: Faktiva / powered by HVS EMEA Enews

Financial Results

HI+Accor: 2010 hotels revenue strongly increased

Paris. For 2010, Accor reports a strong increase in hotels revenue, up 7.4% like-for-like. All segments saw revenues rising, also the economy hotels in the U.S.. The EBIT target was revised upwards to about 440 million Euro versus the 400-420 million Euro previously announced.

HI+IHG, Hyatt, Hospitality Alliance, Welcome, Hapimag: Land in sight

Wiesbaden. The half-year figures of the hotel chains give cause for hope on the whole. Some resort destinations, however, really suffered from the flying ban caused by the volcanic ash this spring. The industry's growth is mainly driven by the increase in occupancy, the rates are slowly recovering. An insight into the figures of IHG, Hyatt, Hospitality Alliance, Welcome, and Hapimag. The Accor results for the first-half 2010 are reported in the separate Accor news today.

HI+Design Hotels, Orient-Express, Sol Meliá: Growth in 2010

Augsburg. Design Hotels are back to growth in the first half of this year, Sol Meliá reports a significant higher profit, and Orient-Express Hotels' losses could be reduced. In general, the first six months 2010 showed positive signs for all three groups.

HI+Choice, NH Hoteles, Rezidor, Starwood, Wyndham in the first half 2010

Augsburg. Several hotel groups reported their results of the second quarter or the first half 2010 in the last two weeks. Here are the figures of Choice, NH Hoteles, Rezidor, Starwood and Wyndham Hotels - ranging from flat to extremely successful results.

HI+First-half 2010: Accor's revenues up by 4.7 percent

Paris. Last Tuesday, Accor published its revenues for the first-half 2010. Revenue totalled 2,849 million Euro, up 6.1% over first-half 2009 on an adjusted basis and 4.7% at comparable scope of consolidation and exchange rates.

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