Topic Finance

News & Stories

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.

Expo Real: Hotel real estate in the spotlight - A market with many facets
Contracts and risks still to be discussed
12.10.2007

Munich Hotel real estate as investment opportunity is presently experiencing an all time high. But what buyers are currently active on the European market and where are they looking to invest? What types of contract will be used in future? Has the recent credit crisis already had ramifications on property prices? Questions such as these were addressed by numerous panels of experts at the 10th Expo Real in Munich.

Bavaria to reduce interest rates for hoteliers
28.9.2007

Munich. Interest rates of the Bavarian Mittelstandskreditprogramm have been reduced by 0.25 percent for investments of existing companies. Even the clearly lower interest rates for business start-ups will be reduced by another 0.1 percent. This also includes the hotel industry.

Private equity on the retreat?
German hotel funds look for investors
21.9.2007

Frankfurt/M. German finance experts are in agreement: Private equity funds will slowly disappear from the hotel investment markets and clear the way for other forms of investment within the branch. In Germany, the first new hotel funds have been set up. With regard to real estate transactions in Germany and Asia, it's the so-called B-destinations which are the real tear aways.

Germany's banking industry is divided, yet growing all the same
No collapse for hotel investors
14.9.2007

Berlin. Thanks to the marked improvements in the world economy and favourable conditions on the capital markets, for the last few years German banks have been able to continue on their commercial expansion course and record positive yield trends; almost forgotten is the crisis from 2001/2002. The German financial economy, clustered around the Rhine-Main region and the city of Frankfurt, is strategically one of the world's most important business centres. A MasterCard survey on stock exchange locations placed Frankfurt in 7th position, before Paris, as direct competition on the European continent. All the same, the German banking industry has recently yet again come under the spotlight. Insiders talk of Germany as being "over-banked" and rigid - and the same words were used well before the recent turbulence surrounding the IKB and Sachsen LB. Yet both incidents are good illustrations of the current problem. A background report.

Global Hyatt Corporation expands shareholder base
Capital partners to invest one billion
31.8.2007

Chicago. For the first time in their history, Hyatt allows foreign investors to step in: Tom Pritzker, Chairman of Global Hyatt Corporation,
announced yesterday that Madrone Capital Partners, a private investment firm affiliated with Wal-Mart Chairman Rob Walton and his family, and entities affiliated with Goldman Sachs Capital Partners have agreed to invest a total of 1 billion USD to acquire equity securities in Global Hyatt Corporation.

Background: the US real estate crisis - how it will affect the hotel industry
Break on the big deals?
17.8.2007

Frankfurt/M. The recent furore on the international finance markets was impossible to miss: The real estate crisis in the USA has pulled some European and German banks down with it, much to the surprise of some experts. The consequence: Central banks responded with cash injections of a total of 270 billion Euros to secure the normal functioning of the money markets. According to the European Central Bank, with this, the storms of recent days have blown over. All the same, the questions remain: What happened? What were the causes? And what ramifications will it have for the currently heavily real estate focused developments in the hotel industry? Hotel expert Martina Fidlschuster, Managing Director of Hotour Consulting in Frankfurt, sheds light on a difficult subject, exclusively for hospitalityInside.com.

Stock Exchange

Share price performance of the week 01/05/15 - 07/05/15

HI+Share price performance of the week 01/05/15 - 07/05/15

                                                        Changes %


 

Financial Results

HI+Grand Hotel Victoria Jungfrau plc: Losses

Interlaken. The Grand Hotel Victoria Jungfrau plc. owns not only the 5 star hotel in Interlaken by the same name, but also the Hotel Palace in Lucerne, as of last year the Hotel Eden au Lac in Zurich. The trio has now renamed itself the "Victoria Jungfrau Collection". In the financial year 2005, however, the plc wrote bad figures, both in terms of turnover and profit.

HI+Middle East provides a boast for Moevenpick

Adliswil/Zurich. Moevenpick Hotels & Resorts are once again well in the black. The Moevenpick group, on the other hand, shows less positive results. Figures for 2005 were announced yesterday.

HI+Accor Results 2005: Positive, but not convincing

Paris. Gilles Pélisson, the new Chief Executive Officer of
the Accor Group, left a poor impression following his first presentation,
according to media reports last week. Shares dropped by 6.5 percent after
the leading European hotel operator published the results for 2005.  

HI+Marriott: Great figures and new living worlds

Berlin. At the ITB in Berlin, the management team of Marriott International was highly optimistic. In 2005, the company recorded a record in earnings per share of 2.89 US dollars. Due to the hitherto 2006 accounting statistics, Marriott International expects an increase in operating results by 30 to 34 percent.

HI+NH Hoteles: Germany catching up

Madrid. In 2005 NH Hoteles earned Euro 62.2 million which is 12.8 per cent more than in the previous year as a result of the good performance of the hotel business. Specifically operating profits for the hotel business of the group totaled Euro 127.2 million, 8.5 per cent higher than the figure recorded for 2004. Revenues at Sotogrande were lower than in 2004.

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