Topic Finance

News & Stories

Park Plaza has gone public
13.7.2007

London. Some weeks ago Park Plaza Hotels announced its intention to float on London's Alternative Investment Market. Insider say the point of time is right. Last night, Boris Ivesha, President and CEO confirmed: "Park Plaza Hotels has gone public!" 

Rosebud: Will money be truly pouring in now?
6.7.2007

Bern. Again Rosebud SA announced a new source for money. The "Schweizerhof" in Bern and the Buergenstock Resort would definitely be renovated declared Rosebud's President Victor Armleder himself in an interview with the Swiss economic magazine "Bilanz". In the last little while, he has left it up to his project leader to make such announcements.

Grand Hotel Heiligendamm still in financial difficulty
6.7.2007

Berlin. The Grand Hotel Heiligendamm Ltd still hasn't recovered from financial difficulty. The refinancing of the Fundus fund 34 is taking its time. But Anno August Jagdfeld, the funds initiator confirmed that negotiations were underway for new financing. A sensitivity analysis explains the steps and figures for the next years.

Rigi Kaltbad: Mario Botta's new wellness project beginning to totter
Negative energy on the mountain
29.6.2007

Rigi Kaltbad. The hotel and wellness project in Rigi Kaltbad in the Swiss canton of Lucerne has come to a halt. As the project costs a few millions more than the budgeted 45 million francs, the planning committee put the project on ice for the time being. Financing was no longer guaranteed. This means a loss of face for the Swiss star architect Mario Botta, to whom wellness competence has been ascribed since the opening of the Tschuggen Grand Hotel in Arosa.

GBI sells two investments to Lloyd Fonds
29.6.2007

Berlin. Gesellschaft fuer Beteiligungen and Immobilien-Projektentwicklungen mbh in Berlin sold two profitable hotel investments to Lloyd Fonds AG in Hamburg.

Hypo Group Alpe Adria under fire
22.6.2007

Vienna. Not one, but two commissions of inquiry are presently busy at work in Austria with Austria's largest state bank, the Carinthian Hypo Group Alpe Adria. The subsidiary Carinthia Holding Investment plc, created for regional development projects, acquired the famous Velden Palace from Gunther Sachs four years ago at a price tag of 22 million Euros. Now, Austria's houses of parliament have turned their attention to the bank.

Real estate: Investors and operators discuss future financing
Hotel managers to become property managers
18.5.2007

Berlin. The hospitality real estate industry is conquering the capital market. This results in high demands with regard to added value to investments from a hotel's and a real estate's point of view. At the "Hotel Dialogue Asset Hotel Real Estate - A complex management composition" staged by Bernd Heuer Dialog GmbH in Berlin, the requirements of this development were highlighted.

Real Estate Investment Trusts (REITS) in Germany
New opportunity for German investors
4.5.2007

Berlin. In Great Britain, a country which in least in terms of financial innovation is more than a short head in front of Germany, busy work on a hotel-REIT is underway. This particular REIT consists entirely of hotel real estate. The Royal Bank of Scotland together with the real estate giant Richard Balfour-Lynne now intends to bring the biggest part of its hotel property under the name Vector to the stock exchange and do more than just quickly convert the properties into cash.

New Spanish fund closed
4.5.2007

Barcelona. Meridia Capital Partners, a private equity group based in Barcelona, Spain, closed its first fund, "Meridia Capital Hospitality I".The fund will invest in the luxury hotel sector, buying or developing hotel real estate, preferably in Europe, the Caribbean and Latin America, Morocco, Turkey and India.

Morgan Stanley shows interest in NH Hoteles
9.3.2007

Madrid. Morgan Stanley's investment funds bought 6,5 percent of the share capital from NH Hoteles. The deal was supported by Ponte Gadea.

Stock Exchange

Share price performance of the week 02/01/15 - 08/01/15

HI+Share price performance of the week 02/01/15 - 08/01/15

                                                     Changes %

 Source: Reuters powered by HVS EMEA Enews
 

Financial Results

HI+All segments speed up

Beverly Hills. The strong demand in all business segments - business, leisure and groups - made Hilton Corporation's business improve strongly last year, especially in the fourth quarter 2004.

HI+Positive only

New York . "The last twelve months have been a watershed year for Cendant," stated Cendant's President and Chief Financial Officer Ronald L. Nelson.

HI+Pressure in the back

Budapest. The improvement in revenues masks another year of tough trading conditions for the Hungarin hotel chain Danubius.

HI+Higher revenues, less income

Madrid. Though the company achieved savings of 38 million Euros last year and made good progress in several countries, NH Hotels` net income fell down by 17 percent. 

HI+Safe net

White Plains/New York. The tight net of own hotel brands in various locations helped Starwood Hotels & Resorts Worldwide to gain positive results last year.
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