HI+Share price performance of the week 12/06/15 - 18/06/15
Changes %
Source: Reuters / powered by HVS EMEA Enews
News & Stories
Gruppo Statuto invested over 1 billion Euros in hotels over four years
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. 
16.11.2007
Duesseldorf. Heavily rising costs can lead to hotel real estate calculated a year ago no longer being realisable.
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
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
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.
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.
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
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.
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?
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.