Topic Finance

News & Stories

Considerable additional trade tax burden for lessees in Germany
No Christmas cheer
11.1.2008

Munich. The corporate tax reform, effective from 1 January 2008 not only entails trade tax advantages for German companies, but also considerable trade tax disadvantages, especially for lessees of hotel properties. A comparison shows the significant new tax burden according to the new law.

The challenge of finance and development: A very good year
Individual deals become more popular
21.12.2007

Munich. The year 2007 was, simply said, a good year for hotel developments and transactions. Though it should have been the best year of all for estate agents, transaction advisors and specialists. This, it certainly wasn't. Stephan Gerhard, Managing Director of the Treugast Solutions Group based in Munich, looks back on 2007 with slightly mixed feelings.

Dr Herbert Ebertz to leave management
7.12.2007

Cologne. Important changes are taking form in the company management of funds initiator Ebertz & Partner, Cologne: Partners Dr Herbert Ebertz and Dr Karl Bartel will withdraw from active management of the Group by 31 December 2007. Following their departure, third company partner, Dirk Iserlohe, will go on to restructure the company.

The subprime crisis affects Basel II - New situation in 2008
Loans could flow again
30.11.2007

Frankfurt/M. For four months now the subprime crisis and its consequences have been keeping the international financial market in suspense. Many banks are still unwilling to pass on liquidity, and it is still unclear what risks lure inside the books of the individual market participants. In Germany, the turbulences had an impact on Basel I, the currently valid bank risk management system. For most German and European banks will not be introducing the new Basel II equity capital regulation before 2008. The banks are optimistic that they will again be able to grant loans as of January. Martina Fidlschuster, Managing Director of the Hotour consultancy in Frankfurt and member of hospitalityInside.com's circle of experts, explains the situation.

Gruppo Statuto invested over 1 billion Euros in hotels over four years
Values in focus
23.11.2007

 

Rome/Milan. It's mostly only insiders who read his name. And it's a name that appears only in connection with the big names in the hotel and banking business: With UBS and Merrill Lynch, with Four Seasons and W, Mandarin Oriental and InterContinental. Giuseppe Statuto began investing in hotel real estate only four years ago. Since then he's spent over one billion Euros, including renovations. Nevertheless, the 40 year old Italian still doesn't see himself as a "real estate man", but rather as hotelier. Maria Puetz-Willems spoke with Giuseppe Statuto about his Gruppo Statuto; on finance, operators and contracts.

Construction costs to overturn calculation
16.11.2007

Duesseldorf. Heavily rising costs can lead to hotel real estate calculated a year ago no longer being realisable.

New equity for Heiligendamm
9.11.2007

Berlin. Two days prior to anniversary celebrations at the Kempinski Hotel Adlon in Berlin, shareholders attending the Fundus shareholders meeting decided to place shares to the amount of 30 million Euros for the sister hotel in Heiligendamm at the Baltic Sea. Over 90% of the 1,900 shareholders were in favour of the motion that the new shareholders will get their dividens preferentially to elder shareholdes. Following the G8 summit and the budget-bed campaign, occupancy rates at the luxury hotel will in 2007 for the first time cross the 50% threshold.

Pflaums Posthotel Pegnitz to resist Russian private-equity partner
Pulling the rip cord
9.11.2007

 

Pegnitz. Andreas Pflaum is learning the hard way. After his hotel, Pflaums Posthotel in Pegnitz, became a victim of the crash of the Schmidt Bank in Hof, he managed to reduce liabilities very quickly. He financed the remaining amount via private equity, a Russian investor living in the Ukraine, who, as a guest, became besotted with the creative, art and design hotel in Franconia. As an intuitive man, the hotelier trusted him. But a few days ago, Pflaum pulled the rip cord. Now, the agreements are formally reversed. The 50-room hotel that has been owned by the family for 300 years, gives shelter to Pope Benedikt, Federal President Koehler, tenors and goal keepers, stars and celebrities - and not only during the best VIP time around the Bayreuth Festival.

Mountain Capital aims at taking over more hotels in continental Europe
Repositioning old concepts
9.11.2007

London. The Austrian Jakob Forstnig refuses to accept the term "locust": His employer, the British Mountain Capital Ltd., was a serious private-equity partner with a considerable interest in the German-speaking and European markets. Actually, there is a connection to Germany: Mountain Capital is backed by two Jewish families of German origin. They have bought and repositioned hotels in Germany and fetched the German luxury hotelier Thomas Althoff as operator to London in the meantime. Jakob Forstnig, who worked for private hotels and for Marriott in the operational hotel business, and was a consultant at Treugast in Munich and HVS International in London, represents Mountain Capital in continental Europe.

DekaBank: Enough money for hotels
12.10.2007

Berlin. DekaBank, the biggest provider of open real estate funds in Germany, wants to continue to conquer new markets and increase investment, above all in hotel property outside Europe. The plan was announced at the Expo Real in Munich.

Stock Exchange

Share price performance of the week 22/05/15 - 28/05/15

HI+Share price performance of the week 22/05/15 - 28/05/15

                       Next share price information will be published on June 5, 2015.


 

Financial Results

HI+Choice: Franchise business increases again

Silver Spring. Choice Hotels International, Inc. reports positive figures in its annual report. Shareholders will receive higher EPS. Franchising revenues went up again.

HI+Rezidor SAS: Strongly improved performance

Brussels. Rezidor SAS Hospitality announced its results for 2005. The company generated group wide revenue of MEUR 587.0 as compared to MEUR 498.7 in 2004; an increase of 17.7%. The key driver of this financial development is an 11% growth in the company's Revenue Per Available Room. In 2006, the company will continue with its vigorous development strategy with an increased focus on developing Russia, CIS and East European markets.

HI+Record 2005 Fourth Quarter

Washington DC. Full year management and franchise fee revenue of Marriott International exceeded US-Dollar 1 billion in 2005. Earnings per share totaled US-Dollar 2,89, up 17 percent from 2004.

HI+Starwood stays successful in 2005

White Plains. The operating-results of the year 2005 of Starwood Hotels & Resorts were positive. The EPS from continuing operations grew. Incoming from continuing operations was 423 Million US-Dollar, the Company has total net debt of 2,941 billion US-Dollar.

HI+Accor: Higher revenues 2005 driven by Economy

Paris. Accor's consolidated revenue rose by 7.9% to EUR 7,622 million for the year ended December 31, 2005. At constant scope of consolidation and exchange rates, the increase was 4.7%. The Group's overall good performance was led by the Services business, the US Economy Hotels segment, and Economy Hotels. The Upscale and Midscale Hotels segment in Europe remains sluggish.

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