HI+Share price performance of the week 15/07/16 - 21/07/16
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Source: Factiva / powered by HVS EMEA Enews
News & Stories
20.2.2009
Frankfurt. The 40th fund launched by the Danish real estate investor Euro Ejendomme will be administered and controlled in Frankfurt. It is the first institutional fund to be set up by the company in Germany. The plan to offer such a fund for subscription was announced as far back as October last year; now, details have been published.
20.2.2009
Moenchengladbach. Since January, NewGen AG, Moenchengladbach, has been under transaction. Now, the company remaining out of the failed takeover of Dorint Hotels by Accor S.A. has started the squeeze out finally.
Feri Symposium: Hotels remain a popular nice product
13.2.2009
Munich. Initiators of closed German real estate funds are returning to simplicity. For a long time, more risky constructs such as opportunity funds and project developments were popular; now, the classical real estate funds with portfolio real estate are entering market again. This development became obvious at the "Feri Symposium der Beteiligungsmodelle 2009" in the Kempinski Airport Hotel Munich last week. Hotels could move into the focus of investors again. In the past, this was not always the case. However, exotic products remained attractive as nice products among real estate investments.
Funds Initiator August Jagdfeld struggles with more and more problems
13.2.2009
Berlin. The German funds initiator, Anno August Jagdfeld, still likes to paint himself as an optimistic visionary, even in times of economic difficulty. Above all, his glamorous real estate properties are dear to his heart and of these he feels especially close to the Grand Hotel Heiligendamm. Yet after Kempinski surprisingly decided to terminate its contract for the Grand Hotel last week, a whole era for the "Pearl of the Baltic Sea" and its comfortable existence in the middle of nowhere seems to be over. Anno August Jagdfeld now intends to take matters into his own hands and to polish the hotel into a new diamond - just like to old family led luxury hotels. Yet it won't be as simple as he imagines his task to be. Jagdfeld's empire is crumbling considerably in other areas too. Could the break with Kempinski herald the beginning of the end for Jagdfeld?
23.1.2009
Berlin. Design Hotels AG announced a few days ago it will suspend the continuous trading facility for its shares on Xetra from 1st February 2009 till further notice.
19.12.2008
Hamburg. Budget hotels are profitable even in times of economic crisis. And it's for this reason that they're increasingly attracting the attention of real estate funds. A Hamburg based fund has recently issued a "budget hotel fund".
Swiss hotel industry and the financial crisis: Foreign guests tighten belts
12.12.2008
Berlin. After three fantastic years of boom, growth in the Swiss hotel industry is cooling. All the same, the word 'crisis' is still being avoided. Investments continue to be made and the current winter season is still looking good. Yet guests are saving money on food and drink. The hotelleriesuisse appeals to hoteliers not to fall into the trap of price dumping next year.
Austria: The winter is still humming - counter-cyclical consumption
12.12.2008
Salzburg. Austria's winter tourism will hardly be affected by the ongoing recession. This is what industry representatives of the Federal Economic Chamber, the Austrian Hotelier Association, Oesterreich Werbung and economists say unanimously in various ways. Experts speak of a "counter-cyclical consumption pattern". In the meantime, Austria's city hotels are already suffering from concrete effects. 
Financial crisis shakes open real estate funds - closures to follow
12.12.2008
Berlin The current financial crisis has resulted in a lasting loss of confidence among German investors in financial world in general. Only seven percent of German citizens trust the credit market, whereas 70 percent express open mistrust. Following the collapse of English and American investment houses, it was first the hedge funds that suffered. Now, finance investors have been drawn into the storm as the crisis reaches open real estate funds.
Austria also feels the effect of the global financial crisis
5.12.2008
Vienna. In Austria's hotel industry, the first effects of the financial crisis are visible. Unnecessary investments as well as various new building projects have already been stopped. The Oesterreichische Hotel- und Tourismusbank has decreasing requests for credits. The higher equity capital rates, which are demanded by the banks now, are discouraging as well.