Topic Finance

News & Stories

From the sub-prime property crisis to a prime property crisis
An entire industry fails
2.5.2008

Berlin. Finance crisis? Credit crisis? Money crisis? Whatever you call it, a palpable loss of confidence has taken foothold within the financial industry, and its roots are in the USA. "Confidence has been scattered by the wind", Norbert Walter recently said, chief economist of the Deutsche Bank. Several banks in the USA, England, France, Switzerland and even in some German states stood/stand before meltdown. Across the globe, financial markets went crazy and central banks rapidly approved cash injections - the most aggressive from the Fed, America's central bank. The aim: To recreate trust among banks and so encourage inter-bank lending. A summary of the current state of play and thoughts on the question 'Who rates the rating agencies?'

Novelty in Austria: Self-made bank ratings
25.4.2008

Vienna. Austria's 4-star hotels pay an average 6.42 percent of their turnover for lending rates. This is the result of a recent query of the Webmark Hotellerie industrial comparison system initiated by hospitalityInside.com. The data are based on the 2006 balance sheets. In future, hoteliers will have better tools for monitoring banks at hand. Thanks to a new application, they can make their own bank rating.

Axios Hospitality to act as exclusive asset manager for Blackstone hotels
Clear standards
25.4.2008

Wimbledon/London. The US Blackstone investment company is entrusting an external entity with its hotel business: Axios Hospitality headquartered in Wimbledon near London. A team of 15 specialised asset managers and financial experts is currently providing operational asset management advisory services on a  portfolio of 136 hotels with 24,000 rooms all over Europe. Most of these hotels are located in Germany and France. Managing Director Andrew Katz talked with hospitalityInside.com about the company itself and Axios' expectations of the hotel industry.

Andermatt project: Orascom to be listed on the Swiss stock exchange
28.3.2008

Cairo/Zurich. The Orascom hotel group of the Egyptian entrepreneur Samih Sawiris, which is strongly engaged in the canton of Uri, will move its headquarters to Switzerland and will be listed on the Swiss stock exchange. With this move, the Egyptian entrepreneur backs up his gigantic tourism project in Andermatt.

11th IHIF in Berlin: Investors more afraid of credit crisis than hoteliers
More honesty, less lip service
14.3.2008

Berlin. If last year's IHIF had a slightly "top of the wave" feel to it then the clouds have moved in and a far more cautious mood prevailed last week. Unsurprisingly less so amongst than those reliant on a transacting market and the economists and forecasters. The International Hotel Investment Conference in Berlin focuses on the hotel market there is less talk about hospitality and more about creating shareholder value, churning assets and share price. "We don't sell hotels to hoteliers anymore but to investors who are looking at all types of real estate investment", explained Derek Gammage, Managing Director, CBRE Hotels. Or as the conference chair, Andre Martinez, Managing Director and Charirman Global Lodging, Morgan Stanley put it "delegates are here for deals, debt or jobs".

Special symposium: 12.6 billion Euros for closed funds in 2007
More superlatives, more black sheep
15.2.2008

Munich. Never have there been more providers, more fund models and more fund investors as in the last year. Total fund volume came close to record levels. In the real estate industry, hotel investment funds grew alongside foreign property funds. Currently, hotel funds are particularly attractive to institutional investors.

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.

Stock Exchange

Share price performance of the week 04/09/15 - 10/09/15

HI+Share price performance of the week 04/09/15 - 10/09/15

                                                             Changes %




Source: Reuters / powered by HVS EMEA Enews


Financial Results

HI+hotel.de with record turnover

Nuremberg. hotel.de, the online reservation system working for various hotels throughout the world, announced record turnover growth for 2006 with figures shooting from 12.5 million Euros in 2005 to19.3 million Euros in 2006, an increase of some 55.3%.

HI+Moevenpick: Positive and dynamic in 2006

Adliswil/Zurich. For the fourth consecutive year, Moevenpick Hotels & Resorts has reported consistent earnings growth and once again achieved a good operating result in fiscal 2006.

HI+Maritim: positive growth and three new properties

Bad Salzuflen. Maritim Hotels have improved their results yet again during the year 2006. With 378 million Euros the total turnover was some 41 million Euros above the previous year's figure. At the same time the GOP improved by 20 million Euros. Occupancy and RevPar also increased.

HI+Accor with top results and new "All Seasons" brand

Paris. The French Accor Group announced a 51% increase in its net profit for the financial year 2006. The Operating Profit before tax and non recurring items was up 28% to 727 million Euro. Earnings per share were up 44% to 2.23 Euro, the ordinary dividend was at 1.45 Euro. After these successful results the group will continue to focus on its two core businesses, services and hotels. The non-standardized 2 star brand, announced months ago will be named "All Seasons".

HI+Orient-Express and NH with strong results 2006

Hamilton/Madrid. Orient-Express Hotels announced its results for the fourth quarter and full year ended December 31, 2006. RevPar and EBIDTA margins increased while the company confirmed less net earnings than in 2005. The hotel business of NH Hoteles has improved significantly in 2006. Net profit is up by 30.6% over the previous year to 45.9 million Euro.

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