HI+Share price performance of the week 11/03/16 - 17/03/16
Changes %
News & Stories
Finance crisis: Pressure shifts from investor to operator
14.11.2008
Augsburg. The consequences of the financial crisis are slowly, very slowly, becoming apparent. Results of stock market listed hotel groups for the third quarter have almost all plummeted and better prospects for 2009 aren't expected. Companies and consumers are tightening their belts and the banks all seem to be following their own erratic strategies. That next year will be a tough one for the hotel industry seems to have escaped nobody. "The end to the hardship won't come until 2010," one management consultant predicted, "when the hotels currently in construction open their doors and are no longer able to access their capital." Consultants and project developers on the current situation.
Financial Crisis: Hotel shares lose value - Is it time to start buying?
17.10.2008
Lausanne. Hotels stocks are already discounting Armageddon, with many of them trading at between a quarter and third of their all time highs reached during 2007. The global financial crisis also effects the hotel groups listed around the world's stock exchanges. There's no doubt that the industry faces some hard times over at least the next year or so, but let's not forget that the stock market is a forward-looking mechanism which rapidly discounts future expectations. The question now is whether the drop in the share price does not already anticipate the weak performance figures which will be announced over the coming months.
Expo Real panel: Does private equity require a new business model?
10.10.2008
Munich. The financial crisis is getting private equity companies into trouble. Their concept of selling off companies bought and restructured within a relatively short period of time and make a profit no longer works. At the same time, the restrictive financial policy these days makes new takeovers more difficult. In a panel discussion at the "Hospitality Industry Dialogue" in the course of the Expo Real Munich real estate trade fair, the industry definitely refused to give in.
10.10.2008
Frankfurt/M. The Danish investor and asset management company Euro Ejendomme plc and DTZ Corporate Finance Frankfurt commence their cooperation with a hotel fund. Euro Ejendomme plc has initiated the "Euro Ejendomme SICAV-FIS Hotel Fund I" for German and European institutional investors.
Financial crisis: Effects on Germany are beginning to emerge
26.9.2008
Berlin. The financial crisis has a direct influence on the hotel industry in German financial centres as well as on certain projects. The Haus Cumberland at Kurfuerstendamm in Berlin will not become a hotel anymore. A Frankfurt-based bank reduced its hotel volume. On the other hand, new hotel complexes are still growing. Experts consider medium-sized businesses to be the ones to suffer. In the US, ill tidings have become more concrete and turned into figures: for the first time since 1988, the hotel industry faces declining demand.
After the collapse of Lehman Brothers:
19.9.2008
New York. The collapse of the investment bank Lehman Brothers makes the world hold its breath. The extent of the disaster has not yet been perceived, but every hour, further news about the consequences arrives through telexes. It is likely that the hotel industry will also be affected by the implications of this "black Monday".
12.9.2008
Interlaken. The Victoria-Jungfrau Collection, which alongside the Grand Hotel Victoria-Jungfrau & Spa in Interlaken also includes the Bellevue Palace in Berlin, the Palace in Luzern and the Eden au Lac in Zurich, registers new shareholders.
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.