HI+Share price performance of the week 20/11/15 - 26/11/15
Changes %
News & Stories
Hotel chains disappear from the stock market - Privatisation on the rise
29.8.2008
Wiesbaden. Blackstone's takeover of Hilton has been the culmination of a development that has been beginning to emerge since the late nineties. Hotel chains are disappearing from the stock markets. Prior to this, chains like Four Seasons and Moevenpick were retreating from the stock market as well. Financial experts are convinced that the conversion from quoted companies to private equity companies will go on. But this is accompanied by some drawbacks for the industry. What is better, being quoted on the stock exchange or not? hospitalityInside.com talked to a few affected hotel groups. 
The crisis on the finance markets catches up with the rating agencies
29.8.2008
Berlin. This rating update must ring in the ears of all those around the globe losing as a result of the world finance crisis. On 4th August, analysts from Lehman Brothers in New York re-rated shares from the ratings agency Moody's from "underweight" to "overweight". Analysts revised the upside target from 32 to 45 USD, and so Moody's shareholders and CEO Raymond McDaniel breathed a huge sigh of relief. Yet at the end of July, things weren't looking too good for the American rating agency at all. Fluctuations in its own share price as well as the share prices of other rating agencies brought Moody's itself into the spotlight. The agencies that make it their business to evaluate the creditworthiness of other companies now stand in the crossfire of criticism. The core question is: Who rates the rating agencies? 
25.7.2008
Pegnitz. In current litigation for the return of Pflaum's Posthotel in Pegnitz, hotelier Andreas Pflaum has been able to celebrate a first victory. On 14th July, the Higher Regional Court of Bamberg held that Pflaum had exercised the purchase right due to him for the hotel business of Pflaum's Posthotel Pegnitz and for relevant grounds in 2007. As hospitalityInside.com reported last November, the hotelier is fighting the case against his Russian private equity partner Staros.
Lindner Hotels tripled over last 8 years: Otto Lindner on company finance
11.7.2008
Dusseldorf. Lindner Hotels made their debut in 1996 with Germany's first 'New Media Hotel' and the slogan 'internet in bed'. Today, Chairman Otto Lindner wants to make more 'sexy hotels' - and if he has his way, he'll establish only these. He sees the German market as saturated. Now, he's ready to make the move abroad. Since 2000, the number of Lindner hotels has tripled and eleven hotels have grown to 34, six of which are due to open before the end of 2009. But how does the medium sized Dusseldorf based hotel company finance such expansion? This is a question certain to have occurred not only to the Austrians. Across the border in neighbouring Austria, Lindner has opened two hotels since last autumn and a further three are in the pipeline. "We offer a full range," Otto Lindner answers meaning: Each decision is based on synergies drawn from within the Lindner Company Group. The company family network makes it possible to develop tailor-made solutions and flexible finance models. What hardly anyone knows: Lindner has initiated its own funds - a conversation with Otto Lindner on contracts, finance, views and predictions.
11.7.2008
Dubai. In 2005, the German Maritim Hotels appeared proud to be represented in the booming metropolis of Dubai from 2007 on. Maritim Hotels wanted to operate a 1,050-room hotel, financed by funds of the company group Recker from Hamm. Now, in July 2008, the fund "Dubai 1000 Hotelfonds" with a set volume of 142 million euros is about to fold, according to the industry service's "fondstelegramm".
The credit crisis from a hotel perspective - Facts & Figures
4.7.2008
Frankfurt/Berlin. "After years of steadily increasing transaction volume on both in European as well as on German markets, we seem to have hit upon a limit," Markus Beike concludes, Director Germany for the Frankfurt and Berlin based hotel property agent and management consultancy company Christie + Co.. According to his figures, in the year 2006, around 22 billion Euros were invested in European hotels. In the year 2007 this figure fell 19 billion, though stayed constant at 2.3 billion for Germany. One year after the extent of the US credit crisis has became known, the property specialist gives his impressions of the future to hospitalityInside.com.
6.6.2008
Cologne. The Ebertz & Partner group, Cologne, plans to capture new markets in cooperation with a British experts for commercial real estate investment. The new partner has acquired an interest by means of a profit-participating loan in Ebertz & Partner group. One E&P subsidiary is Germany's Neue Dorint GmbH.
Union Investment focuses on business hotels - and new operators
6.6.2008
Hamburg. Union Investment Real Estate, active in the hotel business since 1971, is among those German real estate funds which have invested most heavily in the hotel sector. The company is also among the leading real estate investment managers in Europe. The real estate portfolio held by Union Investment Real Estate currently includes 17 hotels with over 5,200 rooms at a value of approximately 1.3 billion Euros. Across all funds, hotel investments account for 9.5 percent of the value of the fund. The photo shows the Steigenberger Hotel Hamburg, part of the Europa funds of Union Investment.
30.5.2008
Frankfurt. DekaBank plans on extending its real estate product palette for institutional investors. The new product family goes by the name of "WestInvest Target Select" and is aimed exclusively at institutional investors looking to invest in specially tailored and very individual funds concentrating on the asset classes: logistic, hotel and retail property.
9.5.2008
Paris. Colony Capital and Eurazeo will keep 17,5 percent of Accor's capital und announced to own 30 percent of the company's shares. Both investors said that they are not interested in gaining the control of Accor. Accor's Board of Directors comments the plans.