Topic Finance

News & Stories

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.

When will the hotel REIT arrive?
12.10.2007

Munich. When will the first hotel REIT appear and how will it be structured? While the panel of experts at the Expo Real weren't giving much away on the matter, renowned companies have been discreetly working on a hotel REIT for quite a while.

Stock Exchange

Share price performance of the week 19/06/15 - 25/06/15

HI+Share price performance of the week 19/06/15 - 25/06/15

                                                                Changes %



Source: Reuters / powered by HVS EMEA Enews


Financial Results

HI+Accor's businesses picking up

Paris. Accor's business is picking up in all countries and business fields: Accor's consolidated revenue rose 8.4% to 3,690 billion Euros in the first six
months of 2006. At constant scope of consolidation and exchange rates, the increase was 6.0%. Business expansion accounted for 3.6% of growth while asset disposals had a negative impact of 3.4%.

HI+Crisis increases

Augsburg. The results 2005 of German Dorint AG show critical figures: Following an annual net deficit of 27.7 million Euros in 2004, the figure published in this year's report stands at -40 million Euros. The result means that since 2002 the annual net deficits stand at 148.1 million Euros. The state of affairs is even more bitter when one takes into account that turnover, both for the group as well as the plc, has increased. The Dorint Chairman was candid, leaving no doubt that the present situation endangers the existence of Germany's largest hotel company. The report: "The liquidity requirement of the company and the group is covered only till the start of 2007."

HI+Hapimag and profit

Basle. The star is rising again: Switzerland's Hapimag plc., leading provider for holiday home renting, has announced profits of 1.6 CHF for 2005 in its consolidated annual report. In the previous year the figure stood at -11.5 million CHF.

HI+The rate is still the problem

Frankfurt/M. The Steigenberger Hotel Group has concluded its fiscal 2005 with a positive, but significantly lower result compared to the previous year. The consolidation is taking effect; occupancy is rising again; the room rate, however, went down by another 30 cents in the whole group.

HI+Steigenberger: Better rates in Austria and Switzerland

Frankfurt/M. The Swiss hotels of the German Steigenberger Hotel Group made the best contribution to company accounts in 2005 with figures well above average. In Austria increased room rates were able to balance out losses threatening from decreases in occupancy.

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