Topic Finance

News & Stories

Siemens Financial Services: New model for sustainable projects
4.10.2012

Munich. Siemens Financial Services "goes green": Speaking at the Expo Real hotel conference "Hospitality Industry Dialogue" on Monday, October 8, 2012, the company will present a finance model for sustainable hospitality projects.

11 consulting companies on finance / Part 2
Little room for manoeuvre
2.10.2012

Augsburg. Securing finance is very difficult at the moment. This was underpinned by responses from the eleven consulting companies which hospitalityInside.com recently surveyed: What sort of finance is being granted, and what is not being granted? Does franchising have a chance for finance? And how much equity must investors today commit to projects of up to EUR 20 million, EUR 50 million or over EUR 100 million? Their answers show that framework conditions are now more difficult that ever. With this, there is certain to be lots to talk about at the Expo Real in Munich. Even the hotel conference there, the "Hospitality Industry Dialogue", will start with a two-hour discussion on this very subject. Each trade fair visitor can take an active part in the discussion.

"Creative" financing with tricks, cheating, negligence
Black sheep
27.9.2012

Leonberg. What blunders do investors, tenants and banks commit in terms of finance? Quite large ones it seems, as a meeting with Antje Zumsande reveals, Managing Director of the consulting company Consilium Hotellerie in Leonberg near Stuttgart. Hotel real estate advisors like her see and hear a lot. General contractors, hoteliers, bankers, local politicians and planners include her in their plans and projects; come to her with their problems - and sometimes also with daring proposals or schemes. Five examples from real life show how "creative" the parties involved are when they want to reach their goals: From a defrauded franchisor, a greedy investor, a negligent bank, jumpy partners and a fiddling owner.

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.

Stock Exchange

Share price performance of the week 22/06/18 - 28/06/18

HI+Share price performance of the week 22/06/18 - 28/06/18

                      Changes compared to the previous week in %.

 

Source: Faktiva / powered by HVS EMEA Enews

Financial Results

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.

HI+Moevenpick and Arcotel: 2010 very positive

Zurich/Vienna. Swiss-German Moevenpick Hotels & Resorts posted a considerable rise in earnings for 2010, the Austrian Arcotels speaks of a record result.

HI+Grand Resort Bad Ragaz: The 2010 challenge

Bad Ragaz. The Grand Resort Bad Ragaz group achieved more than 12% increase in turnover in fiscal 2010, and significantly higher occupation among top-class suites. Exchange rates and smoking regulations, however, made life quite difficult.

HI+After 2010: NH, Maritim and Design Hotels optimistic

Wiesbaden. Together with the announcement of their results in 2010 NH Hoteles, Maritim and Design Hotels show optimism. Even though the slightly positive results had been hard to reach.

HI+Strong increase for German Choice Hotels

Munich. Room rates and room revenues strongly increased last year: The results in 2010 for Choice Hotels Europe/Germany prove that the business has noticeably pulled again since April, 2010.

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