Topic Finance

News & Stories

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.

The many cases of corruption in (hotel) construction are no coincidence
Spain leads into temptation
2.3.2007

Madrid. Everything is just one big misunderstanding. This is at least the view being taken in the headquarters of Santana Cazorla on Gran Canaria. There, everyone is convinced that the corruption accusations made against their boss are "completely unfounded". All of the group's activities are, it was stated, "completely above board and legal". Yet Club-Aldiana owner and property developer Santiago Santana Cazorla now enjoys his freedom on borrowed time, after he was arrested and interrogated on corruption charges on 5 February of this year. In the Spain of today, this is no single occurrence.

Loipfinger's 2007 market analysis of investment models
Hotel funds climb at a low level
9.2.2007

Rosenheim. The real estate industry can be more than satisfied with 11.6 billion Euro investment capital after the omission of tax benefits. Not even the optimists expected this result. Real estate funds even achieved an increase of about one billion Euro reaching 4.96 billion Euro. This positive trend was also apparent with regard to hotel investments, but on a lower level. Only about 5.1 percent of the investment total was attributed to hotels. A few days ago, the renowned fund specialist Stefan Loipfinger from Rosenheim presented his fund analysis.

Kempinski Grand Hotel Heiligendamm again in the headlines
Bank calls in loan, Dressler packs his bags
2.2.2007

Berlin. The Grand Hotel Heiligendamm operated by Kempinski remains in troubled waters producing negative headlines. On February 1, 2007, in the midst of the prepartion for the G8 summit in June, General Manger Torsten Dressler resigned from his position. To crown it all, HypoVereinsbank prematurely called in a loan. hospitalityInside explains the background.

Austrian Government saves Rogner's show resort Blumau
In dire straits
26.1.2007

Vienna. Even in specialist circles the "furore" made by Austrian thermal spa hotelier Robert Rogner jun. came as a surprise. He informed public offices at relatively short notice that the heavily subsidised loans for the Hundertwasser spa resort Blumau were no longer available.
Warimpex: Massive expansion follows IPO
19.1.2007

Vienna. Warimpex Finanz- und Beteiligungs AG, Vienna, a real estate development and investment company with a special focus on hotel properties in Central and Eastern Europe, is to be floated on the Vienna and Warsaw Stock Exchanges. I a joint venture with a leading European hotel chain the group is said to invest up to 500 million Euro in economy hotels.

Accor sells contract package
22.12.2006

Munich. The new Accor CEO Gilles Pélisson set the pace for September. Within the framework of risk minimisation, Accor is now looking for investors for a package of around 90 contracts.

Dubai money in Corinthia's investment group
8.12.2006

Malta. International Hotel Investments plc of Malta, an investment subsidiary of the Maltese Corinthia Group, is increasing its issued capital to over Euro 500,000,000, welcoming Istithmar Hotels of Dubai as a new strategic investor and partner.

Stock Exchange

Share price performance of the week 28/11/14 - 04/12/14

HI+Share price performance of the week 28/11/14 - 04/12/14

                                                          Changes %

 Source: Reuters powered by HVS EMEA Enews
 

Financial Results

HI+Hope lies within the resorts

 

Duesseldorf. As reported last week, Dorint AG announced strong losses for the past fiscal year for the third time in a row. Board member Dr. Michael Theim explains the background of this development: "We have completely overcome the past with the financial burdens involved with preopenings and start-up phases." Nonetheless, there are still problems - and again, new capital needs to be approved precautionarily.

HI+Dorint AG continues making heavy losses

Moenchengladbach. With -27.7 million euros and a corporate loss of 31.8 million euros, the business figures of Dorint AG turned out to be worse than many had feared. The company is still far away from reaching its goal of showing profits again in 2006. However, in Moenchengladbach, they are still trying to spread optimism.

HI+Heavy losses

Berlin. The turnover of the German hotel group design hotels AG was higher in the last fiscal, but the bottom line shows losses.

HI+Double-digit success

Hongkong. A fresh wind is blowing over Asia again, despite all crises and catastrophes: Mandarin Oriental's annual results show extremely positiv effects in Asia's metropolitan cities.

HI+Group results saved

Zurich. The total turnover of Mövenpick Group increased by 3,4% to 1.07 billion Swiss Franks last year. Since 2001, it's the first time that the operating results are positiv - thanks to Mövenpick Hotels & Resorts.
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